Depository Institutions Deregulation Committee – DIDC
Dictionary Says  Definition of 'Depository Institutions
Deregulation Committee – DIDC'  A six-member committee
established by the Depository Institutions Deregulation and
Monetary Control Act of 1980, which had the primary purpose of
phasing out interest rate ceilings on deposit accounts by 1986.
The six members of the Committee were the Secretary of the
Treasury, the Chairman of the Board of Governors of the Federal
Reserve System, the Chairman of the FDIC, the Chairman of the
Federal Home Loan Bank Board (FHLBB), and the Chairman of the
National Credit Union Administration Board (NCUAB) as voting
members, and the Comptroller of the Currency as a non-voting
member.  Besides the phase out of interest rate ceilings, the
Committee's other tasks included devising new financial products
that would allow thrifts to compete with with money funds and to
eliminate ceilings on time deposits. But its overall purpose was
to deregulate bank interest rates. Investope