The Federal Reserve Act (approved December 23, 1913) As Amended (Paperback) (ISBN-13: 9781279492505)

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.

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