Chapter 160:Significant legislation.

March 22, 1980, in the suburbs of Douglas.

Jenny saw off the first child to leave the Blarke home...

"I always thought, the first one to leave would be you..."

"I actually never thought Anna would make this decision. I thought she would stay here, marry Joe Yin, have children, and then..."

Walking beside Jenny, who seemed somewhat lost in thought, Carter shook his head with a wry smile. Compared to Melissa, who clamored every day about going to Hollywood, becoming a big star, Anna, who had always been quiet, rarely seen, even seemed introverted to Carter.

When he first met Anna, Carter thought she envied urban white-collar workers or didn't want to suffer...

"Melissa, do you still want to be a star now?"

Rubbing his little sister's head, Carter tried to lighten the somewhat heavy atmosphere.

"Of course! Being a star is great, wearing endless beautiful clothes, using endless high-end cosmetics, having plenty of income, and having a handsome boyfriend..."

With her head tilted, Melissa looked at her elder brother with a puzzled expression, probably thinking: Really? Is there really someone who doesn't want to be a star these days?

"Carter, which university do you plan to apply to next year?"

Melissa's innocent remark made Carter and Jenny shake their heads repeatedly. Understanding what Carter meant, after taking a deep breath, Jenny also changed the topic.

"I'm not sure yet, the pre-university courses won't start until the second half of the year. During the summer vacation, I think I'll go to New York again. I'll ask my friends in New York if they can recommend a good business school."

"Going to New York again? You can go, but don't spend money recklessly! I was scared when you were trading gold. Now that you have money, don't take risks! How long are you planning to stay? Will it be the same as last year?"

"It shouldn't be as long this time, at most a week, and then I'll come back. A friend's company is being established, and I've also invested some money in it. I'm a shareholder now, so I have to attend the opening ceremony..."

Chatting aimlessly, they slowly strolled home. After being busy with various chores for a long time, Carter finally had a rare moment of relaxation.

With Anna and Joe Yin heading north to Memphis under Montgomery's leadership, the new manager of the restaurant near Route 23, Chris, also officially started. The first thing this new manager did was to change the sign!

The old white-bearded man officially retired, and the red tile wall was painted with colorful Latin American colors. While those 7469 folding chairs were returned to the warehouse behind the bank, Havana Tacos No. 1 officially appeared in the small Southeastern city of the United States.

With the initial investment costs compressed and a large amount of cash on hand, Carter finally had the confidence to promise to provide mortgage loans for housing and shops to merchants willing to participate in the HT program in Pearson.

At a time when the unemployment rate had soared to 15% and three restaurants had closed down, opposition to the proposed cooperation, the so-called HT plan, was also diminishing.

Although the final cooperation required a referendum, according to Rayburn, Carter's main participant needed to go to Pearson to give a speech, but the second restaurant entering Pearson no longer faced obstacles. After all, considering the current unemployment rate in Pearson, this so-called referendum was basically just going through the motions...

As a shareholder of HT No. 2, Truman and his strong men had been going to Pearson with enthusiasm every day, ready to participate in the decoration personally. Completely disregarding Carter's instructions to cooperate with Guinness to standardize the kitchen operations...

But seeing Truman's enthusiasm, Carter didn't bother to disturb him. He was going to start a proper catering company anyway, and he wasn't so stingy that he couldn't afford a few Latin American chefs...

In Montgomery, listening to Anna's report, Carter could also imagine how this guy led the team to Memphis, eagerly renting an office space and arranging recruitment while sending people out to survey locations. According to Anna, he even called in a few former colleagues from Walmart, who were now the core backbone of the HT company.

Whether negotiating with suppliers, consulting with cold storage construction companies, or even buying trucks, these guys handled it all. Anna and Joe Yin could only follow behind them obediently and learn...

For a while, Carter unexpectedly had some free time. Going to classes every day, occasionally feeling motivated to do some homework, as there was no one checking on him now. Days passed by uneventfully until the end of March, when Carter's peaceful life was finally disrupted!

"Carter! Have you seen the newly enacted legislation?!"

"Of course, I'm preparing for it, aren't I?"

Looking at Goodman rushing in, Carter waved the document in his hand. "The Depository Institutions Deregulation and Monetary Control Act of 1980," this series of laws, which had just been signed and came into effect on the last day of March, was only vaguely heard of by Carter in his previous life.

It was like, "I know there's such a law, it's transformative, and it has a big impact, but I don't know why it's so significant." But standing in the present United States at this point in time, Carter couldn't help but marvel at the inadequacy of words.

This impact was huge! The impact on the current banking industry was immense, to say the least!

"Take a look at the information I've summarized. Check it against the points one by one to make sure there are no issues. We need to catch up with this trend!"

Taking the papers handed over by Carter, the two of them went through them meticulously, checking and confirming each point one by one, as if they were pilots performing a pre-flight check. They were afraid of missing or misunderstanding some information...

"First, the Monetary Control Act establishes uniform reserve requirements for transaction deposits and non-personal time deposits, requiring 3% for deposits under $25 million."

"We have no problem with this, pass!"

"The Depository Institutions Deregulation Act abolishes the high limit on deposit interest... Finally, this restriction is lifted! According to the regulations of 1933, even the highest interest rates we offer to depositors can't keep up with inflation! Carter, lifting this restriction means our deposit size can still grow!"

As soon as he saw the abolition of the limit on deposit interest, Goodman slapped his thigh and cheered repeatedly. Thinking about the deposits that were once snatched away by money market funds, Goodman felt extremely resentful...

"Don't be too hasty. This says the high limit will be gradually lifted, not all at once. Besides, we haven't reached the limit bottleneck for the time being. This content won't have much impact on us now."

Compared to Goodman, a traditional savings banker, Carter was more concerned about the content behind this set of laws.

"Let's look at this one, which allows savings banks and savings and loan associations to issue consumer and commercial credits within a 75-mile radius of their premises, not exceeding 5% of bank assets..."

"And this one, which allows savings banks to issue credit cards and credit card consumer credits..."