Bank regulation in the United States in the context of "Carter Glass"

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πŸ‘‰ Bank regulation in the United States in the context of Carter Glass

Carter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson. He played a major role in the establishment of the U.S. financial regulatory system, helping to establish the Federal Reserve System and the Federal Deposit Insurance Corporation.

After working as a newspaper editor and publisher, Glass won election to the Senate of Virginia in 1899. He was a delegate to the Virginia Constitutional Convention of 1902, where he was an influential advocate for segregationist policies. Historian J. Douglas Smith described him as β€œthe architect of disenfranchisement in the Old Dominion.” He also promoted progressive fiscal and regulatory reform but these contributions were often superficial since Glass generally opposed the most reformist aspects of federal legislation and was a New Deal critic. Glass won election to the United States House of Representatives in 1902 and became Chairman of the House Committee on Banking and Currency in 1913. Working with President Wilson, he passed the Federal Reserve Act, which established a central banking system for the United States. Glass served as Secretary of the Treasury from 1918 until 1920, when he accepted an appointment to represent Virginia in the United States Senate. Glass was a favorite son candidate for the presidential nomination at the 1920 Democratic National Convention.

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Bank regulation in the United States in the context of History of central banking in the United States

This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System.

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Bank regulation in the United States in the context of Comptroller of the Currency

The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States.

The head of the agency, the Comptroller of the Currency, is Jonathan V. Gould, who took office on July 15, 2025.

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