A reference course covering the major statutes every legal researcher should know — from the Federal Reserve Act to the Securities Acts, the Trust Indenture Act, and the UCC — with accurate summaries.
Lesson 1 of 6 · free to read
Lesson 18 min
Federal Reserve Act of 1913
Created the Federal Reserve System, the central bank of the United States, establishing 12 regional Reserve Banks and a Board of Governors. Its stated purpose was to provide an elastic currency and stabilize the banking system. Section 16 concerns the issuance of Federal Reserve Notes.
5 more lessons in this course
Unlock every lesson, flashcards, the dictionary, case-law search and the AI assistant for $4.44/month (or $44.44/year — one month free).
