Federal Reserve Act
/ˈfɛdərəl rɪˈzɜrv ækt/
Definitions
- (n.) A 1913 U.S. federal statute establishing the Federal Reserve System as the central banking authority to regulate monetary policy and banking institutions.
The Federal Reserve Act empowered the Federal Reserve to influence credit and currency in the American economy.
Forms
- federal reserve act
Related terms
See also
Commentary
The Federal Reserve Act is foundational in U.S. financial law, creating the Federal Reserve System and its broad regulatory powers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.