 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1977 - 168 pages
...staff has just handed me a copy of the Federal Reserve Act. The purpose as stated at the beginning is "to provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to furnish means of rediscounting commercial paper, and to establish a more effective supervision of banking... | |
 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1977 - 168 pages
...staff has just handed me a copy of the Federal Reserve Act. The purpose as stated at the beginning is "to provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to furnish means of rediscounting commercial paper, and to establish a more effective supervision of banking... | |
 | 1985 - 126 pages
...the facility survives. President Wilson signed the Federal Reserve Act into law on December 23, 1913, "to provide for the establishment of Federal reserve...commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes" (preamble, Federal Reserve Act). In 1913,... | |
 | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1991
...Federal Reserve Act specifically mentions the role of the Fed in the supervisory process. It reads: "To provide for the establishment of Federal reserve...commercial paper, to establish a more effective supervision of banking in the United States , and for other purposes . " Against that background I must confess... | |
 | William R Keech, William R. Keech - 1995 - 241 pages
...decisionmaking bodies and procedures, but was vague on goals. That act specified that the Fed was designed "to furnish an elastic currency, to afford means of...commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." Those goals were notably imprecise. The first... | |
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An 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. 
