Federal Reserve Act of 1913

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What is the FRA of 1913..?

The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.


The Roles of the Federal Reserve..?

  • It directs and controls the banking system
  • Helps with communication
  • Enforces regulations
  • Encourages standardization
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Check Process

  • Process usually take 2-5 days
  • Banks are required to make a depositor's funds available within within 5 days


FAQ

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-What is the Federal Reserve Act of 1913?

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