That's Depository Institution's Deregulation and Monetary Control Act; what that did was, it eliminated ceilings on interest rates --on deposits, it allowed banks to pay high interest rates.

存款机构放松管制和货币控制法案,所做的就是,取消了存款利率的上限,准许银行支付高额利率

耶鲁公开课 - 金融市场课程节选

Reagan was a big believer in free markets; we had a law that actually passed, it's called the Depository Institution's Deregulation and Monetary Control Act of 1980--that's actually before Reagan.

里根是自由市场的崇信者,那时其实通过了一项法律,称为,1980年存款机构放松管制和货币控制法案,该方案是在里根执政之前通过的

耶鲁公开课 - 金融市场课程节选