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

The first wave was in the 1960s and, at that time, Congress had limits-- state governments had limits on the interest that savings banks could pay people on their accounts.

在20世纪60年代,那时候国会限制了...,各州政府给储蓄银行,设定了账户利率的支付上限

耶鲁公开课 - 金融市场课程节选