The Federal Reserve Act deals with what?

1 ⤊

The Federal Reserve Act deals with what?

2007-01-26 13:05:52 · 2 answers · asked by Texas 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

The Federal Reserve Act set up the structure for the Federal Reserve System. It was passed into law in 1913.

The most significant change to it was with the Bank Act of 1935. This act increased the power of the Board of Governors and drastically reduced the relative independence of the branches. It also created the role of the Fed Chairman.

2007-01-27 08:33:14 · answer #1 · answered by gray shadow 6 · 1⤊ 0⤋

It regulates 2nd string athletes. Among other things, they cannot be made to wash the team's socks, errand for the coach, or YooHoo commercials.

2007-01-26 21:13:58 · answer #2 · answered by corzich 4 · 0⤊ 0⤋