The 1913 Federal Reserve Act was a U.S. legislation that created the current Federal Reserve System. The Act intended to establish a form of economic stability in the United States through Central Banking, which would be in charge of monetary policy. The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system we have.
c.) The federal reserve.
now FDIC does have a part in it but it was not put in originally.
the FDIC really has to do with the support of banks when they fail or State chartered banks that are not members of the Federal Reserve System.
