Though large-scale effects are ultimately unknown, the repeal of Glass-Steagall has already indirectly trickled into liquidity - marked by the Gramm-Leach-Bliley Act, a recent change in financial legislation.

Among many other regulatory changes, the bill allows small business, small farm and small agribusiness loans to be used by community financial institutions as collateral against advances from the Federal Home Loan Bank System.

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