United States / Board of Governors of the Federal Reser
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This volume presents the complete text of 'The Federal Reserve Act (approved December 23, 1913) As Amended.' A foundational document in the history of American finance, the Federal Reserve Act established the Federal Reserve System, the central banking system of the United States. This act granted legal authority to issue Federal Reserve Notes as legal tender and gave the Federal Reserve Banks the power to regulate the money supply, discount commercial paper, and supervise member banks. Essential reading for economists, legal scholars, historians, and anyone interested in the evolution of financial policy in the United States, this document offers insights into the original intent and subsequent modifications to one of the most influential pieces of economic legislation in American history. It remains a cornerstone of modern economic policy and financial regulation.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
