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This web page explains the legal provisions and penalties for violating the Federal Reserve Act, which regulates the banking system in the United States. It also provides the text of Section 29, which authorizes the Board or the Comptroller of the Currency to impose civil penalties for various offenses.
- Federal Reserve Act
The Federal Reserve Act of 1913 established the Federal...
- Federal Reserve Act
1 A number of sections of the Federal Reserve Act are long or contain unrelated provisions and the provisions of each such section appear in more than 1 section of the United States Code. In this compilation of this Act, the Code cites for such sections appear at the end of each dis-crete provision.
10 mar 2017 · The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank of the United States to provide the nation with a safer, more flexible, and more stable monetary and financial system. The law sets out the purposes, structure, and functions of the System as well as outlines aspects of its operations and accountability.
SECTION 211.29—Applications by State Branches and State Agencies to Conduct Activities Not Permissible for Federal Branches SECTION 211.30—Criteria for Evaluating the U.S. Operations of Foreign Banks Not Subject to Consolidated Supervision
View the original document of the Federal Reserve Act, passed in 1913, that established the Federal reserve banks and regulated the US banking system. The web page contains the full text of the act, including sections on reserve districts, member banks, stock subscriptions, and penalties.
To provide for the establishment of Federal reserve banks, to furnish an elastie currency, to afford means of rediscounting commercial paper, to establish more effective supervision of banking ili the United States, and for other purposes.
Full text of The Federal Reserve Act, The National Bank Act : And All Other Federal Laws Relating to Banking, with Complete Indexes and References
