Float and Glass-Steagall Act: Difference between pages

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The term 'float' may refer to:
''US.'' The Glass-Steagall Act, also known as the Banking Act of 1933, introduced banking reforms some of which were designed to control speculation. The Act separated banks according to their business (commercial and investment banking). It also founded the Federal Deposit Insurance Corporation (FDIC) for insuring bank deposits.
*Timing differences;
*A company going public; or
*Exchange rates.  
 
 
===== Timing differences =====
1.
 
Time interval, or delay, between the start and completion of a specific phase or process that occurs along the cash flow timeline. Certain types of float can be quantified and expressed in money amounts.  Float is often a cost for banks' customers, because the customer loses use of the funds in transit, for the time they remain in transit.
 
 
2.
 
The timing benefit enjoyed by insurance companies of receiving insurance premia in advance (of the period covered by the related insurance contract).
 
 
===== Going public =====
The initial offering for sale/listing of a company’s shares on a public exchange.
 
 
===== Exchange rates =====
The act of removing a fixed foreign exchange rate regime and allowing a currency to be freely traded.


It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. It was repealed in 1999.


== See also ==
== See also ==
* [[Balance and transaction activity]]
* [[Regulation Q]]
* [[Bank float]]
* [[Vickers Report]]
* [[Clearing float]]
* [[Collection float]]
* [[Flotation]]
* [[Initial public offering ]]
* [[Primary market]]
* [[CertICM]]


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Revision as of 14:19, 23 October 2012

US. The Glass-Steagall Act, also known as the Banking Act of 1933, introduced banking reforms some of which were designed to control speculation. The Act separated banks according to their business (commercial and investment banking). It also founded the Federal Deposit Insurance Corporation (FDIC) for insuring bank deposits.

It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. It was repealed in 1999.

See also


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