It stands for the Depository Institutions Deregulation and Monetary Control Act

NO!!!! Bill Clinton Signed legislation on November 12, 1999 that repealed the Glass-Steagall Act that previously regulated the banks.

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In December 1982, President Ronald Reagan signed the Garn-St. Germain Depository Institutions Act. This Act removed statutory restrictions on real estate lending, and relaxed limits on how much could be lent to any one borrower.

In February 1989, President George H.W. Bush signed the Savings & Loan bailout bill, formally the Financial Institutions Reform Recovery and Enforcement Act (FIRREA). This bill also modernized the charters of the two government sponsored entities, Fannie Mae and Freddie Mac, with an eye to making them more effective in spreading home ownership to low and moderate income families.

Source: RightwingRhetoric101.com

In 1994, federally insured depository institutions held $5 trillion in assets

Non-depository institutions are nonbank financial institutions that do not have a banking license and cannot accept deposits from the public. Examples of non-depository financial institutions that play an essential role in modern finance are insurance companies, mutual fund companies, security brokers, pawn shops, finance companies, and pension funds. Non-depository financial institutions provide a wide variety of financial services to both individuals and businesses and provide an alternative route for funneling savings into capital investment. Non-depository financial institutions compete with banks (depository institutions) in offering financial services.

Depository institutions