Reserve Act


Reserve Act
The Federal Statute of 1913 under which the federal reserve system was established. 12 USC §§ 341 et seq. See reserve banks; reserve system.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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  • Royal Naval Reserve Act 1902 — The Royal Naval Reserve Act 1902 (2 Edw 7 c. 5) was an Act of Parliament of the Parliament of the United Kingdom, given the royal assent on 22nd July 1902 and formally repealed in 1980.It amended the Royal Naval Reserve (Volunteer) Act 1896 by… …   Wikipedia

  • 1913 Federal Reserve Act — The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into… …   Investment dictionary

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  • Federal Reserve Act — USA The federal banking statute that, among other things: • Created the Federal Reserve System, including the 12 Federal Reserve Banks, the Federal Open Market Committee and the Board of Governors of the Federal Reserve System (Federal Res …   Law dictionary

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  • Forest Reserve Act of 1891 — The Forest Reserve Act of 1891 allowed the president to set aside forest reserves from the land in the public domain. It was passed by Benjamin Harrison. Harrison put 13 million acres (53,000 km²) of land into National forests; Grover Cleveland… …   Wikipedia

  • Gold Reserve Act, 1934 —    Intended as an inflationary policy, the Gold Reserve Act of 1934 enabled the president to authorize the purchase of U.S. minted gold at prices to be determined by him and to establish it as a reserve for paper currency. Gold was to be… …   Historical Dictionary of the Roosevelt–Truman Era

  • Federal Reserve Act — Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.) …   Black's law dictionary


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