Definition of Depository Institutions Deregulation Committee (DIDC)

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TeachMeFinance.com - explain Depository Institutions Deregulation Committee (DIDC)



Depository Institutions Deregulation Committee (DIDC) -- was created under the Depository Institutions Deregulation and Monetary Control Act of 1980. The committee was made up of the principal federal financial regulators and was responsible for implementing the orderly phaseout and ultimate elimination of federally imposed ceilings on savings deposit interest rates by March 31, 1986. After accomplishing its work, the committee disbanded.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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