What is the Federal Reserve Act of 1913?

US federal law that gave 12 Federal Reserve banks the ability to print money and established the Federal Reserve System. This system regulates the value of fiat money to keep the economy stable.

What people ask…

Who opposed the Federal Reserve Act?
Is the Federal Reserve Legal?
When was the Federal Reserve Act passed?
Who wrote the Federal Reserve Act?

See Also…

Federal Reserve District Seal, Fiat Money

Back to All Terms