All of the following occurred under the restructuring of the Fed in the 1930s,except one.Which is the exception?

Question

Quizplus · Accepted Answer

The inclusion of all depository institutions as members did not occur under the 1930s restructuring of the Fed. This change was made in 1980 with the passage of the Depository Institutions Deregulation and Monetary Control Act. The creation of the FOMC, the power for the Board of Governors to change reserve requirements, the centralization of the Fed's power, and the ability for the Fed to conduct open market operations and buy/sell securities were all key changes made during the 1930s restructuring.

All of the Following Occurred Under the Restructuring of the Fed