[nilesh]

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How I can easily get idea about the act of 1913 setup by Federal Reserve Bank, here I required your help to check it?

[Vishal Kotkar]

No need to worry I will let you know way to check the Federal Reserve Bank, act of 1913 so that you can check it easily.

The Federal Reserve Bank act of 1913 was setup to provide the nation with a safer, more flexible, and more stable monetary and financial system where law sets out the purposes, structure, and functions of the System.

Here is the procedure to check the details about act

Visit official site of Federal Reserve Bank
There look for section of about
There click the option of Federal Reserve Bank Act
A new page will open which looks like this
There you can get information easily

Federal Reserve Bank, act



The act include following list

Section 1. Short title and definitions
Section 2. Federal Reserve Districts
Section 2A. Monetary policy objectives
Section 2B. Appearances Before and Reports to the Congress
Section 3. Branch Offices
Section 4. Federal Reserve Banks
Section 5. Stock Issues; Increase and Decrease of Capital
Section 6. Insolvency of member banks
Section 7. Division of Earnings
Section 8. Conversion of state banks into national banks
Section 9. State Banks as Members
Section 9A. Participation in lotteries prohibited
Section 9B. Resolution of Clearing Banks
Section 10. Board of Governors of the Federal Reserve System
Section 10A. Emergency advances to groups of member banks*
Section 10B. Advances to Individual Member Banks*
Section 11. Powers of Board of Governors of the Federal Reserve System
Section 11A. Pricing of Services
Section 11B. Annual Independent Audits of Federal Reserve Banks and Board
Section 12. Federal Advisory Council
Section 12A. Federal Open Market Committee
Section 13. Powers of Federal Reserve Banks
Section 13A.* Discount of agricultural paper
Section 14. Open-Market Operations
Section 15. Government Deposits
Section 16. Note Issues
Section 17. Deposit of bonds by national banks
Section 18. Refunding Bonds
Section 19. Bank Reserves
Section 20. National bank notes redemption fund as reserve
Section 21. Bank Examinations
Section 22. Offenses of examiners, member banks, officers, and directors
Section 23. Interbank Liabilities*
Section 23A. Relations with affiliates
Section 23B. Restrictions on Transactions with Affiliates
Section 24. Real Estate Loans
Section 24A. Investment in Bank Premises or Stock of Corporation Holding Premises
Section 25. Foreign Branches
Section 25A. Banking Corporations Authorized to Do Foreign Banking Business*
Section 25B. Jurisdiction of suits*
Section 25C. Potential Liability on Foreign Accounts
Section 26. [Repealed]
Section 27. Tax on national bank notes
Section 28. Reduction of capital of national banks
Section 29. Civil Money Penalty
Section 30. Saving clause
Section 31. Reservation of right to amend


Address:-
Federal Reserve Bank
20th Street and Constitution Avenue N.W., Washington, DC 20551

Phone:-
202-452-3000