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Additional
Federal Reserve Act of 1913
English Wikipedia - The Free Encyclopedia
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Federal Reserve Act
The
Federal Reserve Act
(ch. 6, ,
enacted
December 23, 1913, ) is an
Act of Congress
that created and established the
Federal Reserve System
, the
central banking
system of the
United States
, and granted it the legal authority to issue
Federal Reserve Notes
(now commonly known as the
U.S. Dollar
) and
Federal Reserve Bank Notes
as
legal tender
. The Act was signed into law by President
Woodrow Wilson
.
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