Banking Acts of 1932
February 1932
Two pieces of legislation were signed by President Herbert Hoover in early 1932 to address concerns about the Federal Reserve’s structure and mission.
![President Herbert Hoover and reconstruction leaders meet in Washington on February 6, 1932, to discuss the president's contemplated campaign against national hoarding](/https/www.federalreservehistory.org/-/media/images/essays/banking-acts-of-1932/banking_acts_of_1932_1_720x450.jpg)
President Herbert Hoover and reconstruction leaders meet in Washington on February 6, 1932, to discuss the president's contemplated campaign against national hoarding (Photo: Associated Press)
Note: As of February 2022, this essay has been split into two revised essays on the two laws it covered: the Banking Act of 1932 and the Reconstruction Finance Corporation Act.