Gradual phase-out of legal interest-rate ceilings on deposits offered by U.S.banks was first authorized by the Glass-Steagall Act.

Name: Gradual phase-out of legal interest-rate ceilings on deposits offered by U.S.banks was first authorized by the Glass-Steagall Act.
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The gradual phase-out of legal interest-rate ceilings on deposits offered by U.S. banks was authorized by the Depository Institutions Deregulation and Monetary Control Act of 1980, not the Glass-Steagall Act.

Gradual Phase-Out of Legal Interest-Rate Ceilings on Deposits Offered by U.S.banks