Act of March 9, (Emergency Banking Relief Act), Public Law , 48 STAT 1. Email: [email protected] This Item contains records, some of which may not be available online. To obtain a copy or view the records, please contact or visit the National Archives and Records Administration location (s) listed in the Contact information below. Creator (s): National Archives and . What was the 'Emergency Banking Act of '. The Emergency Banking Act of was a bill passed during the administration of U.S. President Franklin D. Roosevelt in reaction to the financially adverse conditions of the Great Depression. The measure, which called for a . Nov 22, · March 9, The Emergency Banking Act of itself is regarded by many as helping to set the nation’s banking system right during the Great Depression. The Emergency Banking Act also had a historic impact on the Federal Reserve. Title I greatly increased the president’s power to conduct monetary policy independent of the Federal Reserve System.
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