Emergency Banking Act: Passed during FDRโs first days in office after declaring banking holiday. This act allowed healthy banks to reopen under Treasury Department supervision.
Federal Deposit Insurance Corporation (FDIC): Created by Glass-Steagall Act as part of New Deal reforms after banking holiday. It provides deposit insurance guaranteeing safety of depositor's accounts in member banks up to certain amount.
Glass-Steagall Act: An act passed by Congress in 1933 that prohibited commercial banks from participating in investment banking activities, aiming at preventing another financial crisis like one which led to banking holiday.