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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. "
Providing for Control and Regulation of Bank Holding Companies, Hearings ... - Page 90
by United States. Congress. Senate. Banking and Currency Committee - 1947 - 186 pages
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Federal Reserve System: Current and Future Challenges Require Systemwide ...

DIANE Publishing Company - 1996 - 154 pages
...Balance Differing Interests The Federal Reserve was created by the Federal Reserve Act of 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." The Federal Reserve's basic structure includes...
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General Accounting Office Report on the Federal Reserve System ..., Volume 4

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, U. S. Congress, Senate Committee on Banking, Housing and Urban Affairs Staff, United States, United States. Congress. Senate. Committee on Banking. Housing, and Urban Affairs - 1997 - 481 pages
...Balance Differing Interests The Federal Reserve was created by the Federal Reserve Act of 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." The Federal Reserve's basic structure includes...
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Afterglow Or Adjustment?: Domestic Institutions and Responses to Overstretch

Mark Randal Brawley - 1999 - 339 pages
...facilities, and an inadequate government depository system. 22 The preamble to the Act states its purpose as "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." 2i Note that two of the most prominent desires...
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Modeling Monetary Economies

Bruce Champ, Scott Freeman - 2001 - 325 pages
...furnishing an elastic currency as announced in the title of the Act creating the Federal Reserve: An Act 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. 10 The pattern of interest rates before and...
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Compilation of Basic Banking Laws Within the Jurisdiction of the ..., Volume 4

United States - 2001 - 1501 pages
...with toe title, shall— FEDERAL RESERVE ACT FEDERAL RESERVE ACT1 (38 Stat. 251; 12 USC 221 et seq.) To provide for the establishment of Federal reserve...to furnish an elastic currency, to afford means of redi Mounting commercial paper, to establish a more effective supervision of hanking in the United...
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A Legal History of Money in the United States, 1774-1970

James Willard Hurst - 2001 - 367 pages
...sharply in the intent of Congress, when it said that the system was created "to furnish an clastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." 38 Stat. 251 (1913). That the only larger...
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Federal Reserve System: Background, Analyses and Bibliography

George B. Grey - 2002 - 242 pages
...President Woodrow Wilson signed into law on December 23, 1913. The act stated that its purposes were "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." Soon after the creation of the Federal Reserve,...
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Financial History of the United States

Paul Studenski, Herman Edward Krooss - 2003 - 544 pages
...of the Federal Reserve Act. The provisions of the Federal Reserve Act, or more technically, "An act to provide for the establishment of Federal Reserve...commercial paper, to establish a more effective supervision of banking, and for other purposes," were as follows: 1. The country was divided into not less than...
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Challenges to Central Banking from Globalized Financial Systems

Ms.Andrea Schaechter, Mr.Piero Ugolini, Mr.Mark R. Stone - 2004 - 307 pages
...the Federal Reserve Act, stating the purpose of the Federal Reserve, simply reads that it was created "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." This language implicitly embodied financial...
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The Progressive Era's Health Reform Movement: A Historical Dictionary

Ruth Clifford Engs - 2003 - 419 pages
...publishes Eugenics (Eugenics Record Office Report no. 1). 1913 The Federal Reserve Act establishes federal reserve banks "to furnish an elastic currency,...to afford means of rediscounting commercial paper, [and] to establish a more effective supervision of banking in the United States"; the system becomes...
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