Federal Reserve Act of 1913
The Roles of the Federal Reserve..?
- It directs and controls the banking system
- Helps with communication
- Enforces regulations
- Encourages standardization
- Process usually take 2-5 days
- Banks are required to make a depositor's funds available within within 5 days
-What are the Legislative Acts?
-What is the Federal Reserve Act of 1913?
-What is the Uniform Commercial Code of 1958?
-What is the Expedited Funds Availability Act of 1987?