Thrift Equality and Deregulation Act of 1980

[AI summary unavailable — showing source text] Thrift Equality and Deregulation Act of 1980 - Title I: Elimination of Interest Ceilings - Requires the maximum interest rate on each category of bank deposits (Regulation Q) to be increased by at least one-half of one percentage point every year beginning in 1980 and extending through 1985. Authorizes the Board of Governors of the Federal Reserve System to postpone or reduce such an increase if such action is warranted by economic conditions or is necessary to avoid a threat to the economic viability of depository institutions (insured banks, mutual savings banks, savings banks, member banks in the Federal Reserve System, insured savings and loan associations, and insured credit unions). Requires the Board to consult with the Board of Directors of the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration Board in exercising its authority to postpone or reduce interest rate increases under Regulation Q. Directs the Board to report immediately to the Congress if such authority is exercised. Requires the Board, in consultation with such other agencies, to report to Congress if it is economically feasible or desirable to …