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John Shepherd-Barron installed the worldâs first ATM at a branch of Barclays Bank in London in 1967. At the time, he was the managing director of De La Rue Instruments. The âauto-tellerâ invented by Shepherd-Barron could perform 24/7 transactions (perform transactions at any time during 24 hours/day and 7 days/week).
Steagall, then chairman of the House Banking and Currency Committee, agreed to support the act with Glass after an amendment was added to permit bank deposit insurance.1 On June 16, 1933, President Roosevelt signed the bill into law. Glass originally introduced his banking reform bill in January 1932.