1. Fourthly, the exercise of the federal reserve act.

2. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

3. The financial panic of 1907 resulted in the Federal Reserve Act of 1913.

4. In theory, Congress could even repeal the Federal Reserve Act altogether since it has the authority to do so.

5. Under the Federal Reserve Act, a central bank was reestablished for the United States, the first since the "Second" Bank of the United States.

6. The Federal Reserve Act is much easier to change than the Maastricht treaty./federal reserve act.html

7. The central bank used a power described in section 13 of the Federal Reserve Act.

8. The United States Congress established the Federal Reserve System in 1913 when it approved the Federal Reserve Act.

9. Third, there is using the central bank as emergency liquidity provider or "lender of last resort, " to expand the "elastic currency, " as the Federal Reserve Act calls it.

10. The central bank used a power described section 13 of the Federal Reserve Act.

11. The central bank used a power described in section thirteen of the Federal Reserve Act.

12. Why then did it take until December, 1913 for Congress to pass the Federal Reserve Act?

13. The Fed has to pursue full employment and low inflation by the Federal Reserve Act of 1978, but these two objectives are conflicting.

14. It covers the three attempts to saddle the nation with a central bank, and how the big banks got the Federal Reserve Act passed late in 1913.

15. The conferees forged the Aldrich Bill, which, with only minor variations, was to become the Federal Reserve Act of 1913.