The Federal Reserve's Response to the September 11 Terrorist Attacks
The 9/11 attacks created massive dislocations in US financial markets. The Fed played a leading role in responding to the immediate crisis, using the wide range of its authorities to limit the economic fallout and support the US financial system.
Gramm-Leach-Bliley Act
The 1999 Act promoted financial integration by repealing parts of the Glass-Steagall Act while giving the Fed new supervisory powers
Near Failure of LTCM
A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998
Asian Financial Crisis
A financial crisis started in Thailand in July 1997 and spread across East Asia
Home Ownership and Equity Protection Act of 1994
HOEPA addresses unfair, deceptive, or abusive mortgage lending practices
Riegle-Neal Act
The 1994 law removed many of the restrictions on bank branching across state lines
FDICIA
The 1991 Act was intended to address problems in the banking and thrift industries
Crash of 1987
The Dow dropped 22.6 percent on Black Monday, October 19, 1987
Continental Illinois: A Bank That Was Too Big to Fail
The phrase “too big to fail” became commonly used for the first time after Continental’s crisis
Latin American Debt Crisis
During the 1980s, many Latin American countries were unable to service their foreign debt
