The Emergency Banking Act no longer exists, however elements of the act were included in the 1933 Banking Act. It's also one of the things that ultimately led to the Federal Deposit Insurance Corporation.

The FDIC

The Glass Steagall Act was an act passed by Congress in 1933. The act was passed to restore confidence in the banking industry. The most important provision of the act was the institution of the FDIC.

The Emergency Banking Act passed by Congress in 1933 allowed for $2 million to be set aside so that banks could conduct business. It is not known how much of that $2 million was actually used.

It gave him the power to strengthen and recognize banks that should reopen.