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These are four provisions of the US Banking Act which were sponsored by Senator Glass and Representative Steagall. These provisions separated commercial banking from other financial activities, esepcially securities firms and dealing in non-government securities. The Act was said to "separate Wall Street from Main Street" by preventing commercial banks from involving themselves in the equities market. This protected people's bank deposits from banks which had previously over-extended themselves in the stock market prior to the 1929 crash. Glass Steagall was finally repealed by President Clinton in 1999.

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