The Federal Reserve Act: Approved December 23, 1913 (Classic Reprint)

Description: This book delves into the intricacies of the Federal Reserve Act, a landmark piece of legislation that fundamentally reshaped the American banking system in the early 20th century. Through detailed analysis of the Act's provisions and amendments, the author illuminates its core objectives: establishing a network of Federal Reserve Banks, creating a more elastic currency, and providing a framework for rediscounting commercial paper. The text meticulously examines the structure and responsibilities of the Federal Reserve Board, the selection process for directors of Federal Reserve Banks, and the regulations governing member banks. By exploring these critical components, the book offers profound insights into the mechanisms of the Federal Reserve System and its impact on the nation's financial landscape. It sheds light on the delicate balance between public and private control, the role of regional representation, and the ongoing quest for economic stability. Ultimately, this book serves as an invaluable resource for understanding the historical context, underlying principles, and enduring significance of the Federal Reserve Act in shaping the financial system we know today. Forgotten Books publishes hundreds of thousands of rare and classic books.This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some aesthetic errors may persist, however it has been deemed that any such will not detract from the work's significant historical value. The digital edition of all books may be viewed on our website before purchase.

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Location: New York NY

End Time: 2024-10-28T07:52:02.000Z

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