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Search Single 50 Men | Search Single 50 Women Alabama Alaska Arizona Arkansas California Colorado Connecticut DC Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Creating a Great Dating Profile on Our What to do When You, Me and the Ex Makes Three?
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In 1932, the Massachusetts Legislature created the nation’s first two deposit insurers: Mutual Savings Central Fund, Incorporated (now the Depositors Insurance Fund) and the Co-Operative Central Bank.
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On March 10, Commissioner Guy approved all institutions, except five trust companies, to resume business.
On June 16, the Banking Act of 1933 amended the Federal Reserve Act.
But, Massachusetts' excess insurers were able to provide vital aid to Massachusetts banks.
Over 15 years, the number of licensed mortgage lenders and brokers grew.
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Massachusetts was the first state to pass comprehensive laws regulating banks.
The 1829 Act to Regulate Banks and Banking brought uniformity to areas such as capital, limitations on debt, and the liability of directors.
He was also instrumental in establishing the credit union movement in Massachusetts.
In 1909, Massachusetts passed the first state credit union law, inspiring similar laws in other states.
In 1810, committees of attorneys began examining banks "to inquire into [their] doings." The charter of State Bank in 1811 appointed 3 "Commissioners" to examine the vaults of new banks.