Federal Reserve Act Law and Legal Definition
The Federal Reserve Act is a U.S federal statute. This Act is commonly known as the Owen-Glass Act. The Act is the result of the financial disaster of 1907. This Act carries an object of preventing financial panics by providing cash from a money reserve. Thus, the Act created a Federal Reserve System as the central banking system in the U.S. This Act grants legal authority to the Federal Reserve System to issue legal tender.
Legal Definition list
- Federal Reserve
- Federal Reimbursement Ratio [Energy]
- Federal Regulation of Lobbying Act of 1946
- Federal Register Document
- Federal Ratio
- Federal Reserve Act
- Federal Reserve Bank (FRB)
- Federal Reserve Bank Operating Circular
- Federal Reserve Board of Governors
- Federal Reserve Communications System
- Federal Reserve Conspiracy Theory
