Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, was repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980.
What does MCA stand for?
MCA stands for Monetary Control Act
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of MCA
We have 623 other meanings of MCA in our Acronym Attic
- Moak, Casey & Associates (Austin, TX)
- Mobile Clinical Assistant (hi-tech clipboard for use in hospitals)
- Mobile Code Application (software)
- Mobile Combat Armor (Shogo game)
- Mobile Communications Area
- Mobile Convergence Appliance (DiVitas Networks)
- Model Concession Agreement (India)
- Modem Controls Assembly (Wireless)
- Mohair Council of America
- Monetary Compensatory Amount
- Money Centers of America (King of Prussia, PA)
- Monitor and Control Assembly
- Monoclonal Antibodies
- Montana Cattlemen's Association
- Montana Code Annotated
- Monte Carlo Analysis
- Moot Court Association (law school; various locations)
- Morangos Com Açucar (Portugese TV)
- Morphological Component Analysis
- Morrison Christian Academy (Taiwan)
Samples in periodicals archive:
The Monetary Control Act of 1980 requires that the Board establish fees for priced services provided to depository institutions to recover, over the long run, all direct and indirect costs actually incurred as well as imputed costs that would have been incurred, including financing costs, taxes, and certain other expenses, and the return on equity (profit) that would have been earned if a private business firm provided the services.
In March 1980, the Depository Institutions Deregulation and Monetary Control Act (the Monetary Control Act) was passed which phased out interest rate ceilings and reduced reserve requirements on all types of accounts.
On March 31, 1980, President Carter signed the Depository Institutions Deregulation and Monetary Control Act into law.
The Monetary Control Act of 1980 mandated the Fed to charge explicit prices for these services and to exit the business if it could not compete successfully with the private sector.