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Federal Reserve Act

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    NOTE: The Federal Reserve Act created the Federal Reserve System, composed of the Federal Reserve Board, 12 Federal Reserve Banks, member banks, and the Federal Advisory Council.

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    VARIANT NAMES:

    • Federal Reserve Act of 1913
    • Public Law 63-43
    • United States. Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes
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