The original National Bank Act provided for supervision of banks, and its amendments increased the efficiency of this supervision. The Federal Reserve Act provides additional safeguards. The Comptroller of the Currency said: "Under the provisions of the new law, the failure of efficiently managed banks is practically impossible."

The more stringent oversight and regulation provided by the Act gives a hope, at least, that every member bank is solvent, and will so remain or be compelled to close; and that, should it close, its assets will pay its liabilities; that is, practically it gives every depositor in a member bank additional assurance that his money in the bank is safe.