The McCloy Report

The McCloy Report, published in 1929, was a detailed analysis of U.S. financial stability and the banking system. It examined how banks operated, their vulnerabilities, and suggested reforms to prevent collapses like the 1929 stock market crash. The report emphasized stronger regulation, better bank insurance, and improved oversight to protect the economy from future crises. Its recommendations aimed to create a more resilient financial system to ensure stability and public confidence during economic downturns.