To insure who ever deposites money in to a checking or any kinda account that up to so much money the bank will cover and replace if any thing like the Black Tuseday when the Dow Jones Stock Markets crashed.
The Federal Deposit Insurance Corporation was formed to protect depositors from losing their money that they have in protected banks. Most banks are FDIC protected. If you deposit funds in a bank that is not protected by the FDIC, you risk losing everything should the bank fail. Funds are protected up to $250,000
The main purpose of the FDIC was to give bank customers confidence that their money would not disappear in another bank run, such as took place in 1929. Also, the FDIC label gives the bank a bit more clout. People might trust a bank more if they know its money is backed up by some larger and richer organization.
The purpose of the FDIC was to insure money of Americans that deposited their money.
The federal reserve banks distribute the paper money that is printed by the Bureau of Engraving and Printing under the Treasury Department.
Under home rule, it was established that the ability to run state governments could be done without federal intervention
established in 1970 under Title II of the Emergency Home Finance Act of 1970. This agency was established to strengthen the secondary markets in residential mortgages insured by the FHA or guaranteed by the Veterans' Administration
Paul A.Volcker is a economist and was the Chairman of the Federal Reserve. He was the chairman under the presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.
The Act allowed the federal government to seize and operate industries threatened by or under strikes that would interfere with war production,and prohibited unions from making contributions in federal elections
The Federal Reserve or Federal Reserve System is part of the U.S. Government and acts as the country's central bank. However, it operates independent of the President, the rest of the Executive Branch, and the Legislative Branch. The Federal Reserve gets its authority from Congress and is subject to congressional oversight. It is compose of 12 Federal Reserve Banks, as well as numerous private banks, a Board of Governors and the Federal Open Market Committee (FOMC). The FOMC establishes monetary policy. There are numerous other functions and responsibilities. See Sources and related links for a detailed description including the duties and responsibilities of the Federal Reserve.
The federal courts were established by the Constitution. They were established under Article III of the U.S. Constitution which was written by the framers.
Federal Reserve Act
Senator James Reed of Missouri provided the tie-breaking vote on the Senate Banking and Currency Committee when the Federal Reserve Act was under consideration in 1913.
Ben Bernanke was appointed Chairman of the Federal Reserve Sytem on February 1, 2006 by George W. Bush.
Woodrow Wilson's presidency witnessd the Federal Reserve Act of 1913, Underwood Tariff, 16th Amendment, Clayton Antitrust Act of 1914, Smith-Lever Act, Federal Farm Loan Act, Adamson Act (8 hour work day), and ...
The Federal Court of India was established under section 200 of the Government of India Act 1935 in the year 1937.
The Federal Reserve System
This identifies it as a "United States Note" rather than being a "Federal Reserve Note". The Government utilized the different styles for accounting purposes. Federal Reserve Notes are issued under the authority of the Federal Reserve Bank, while U. S. Notes were issued directly by the Treasury. Other than that, they served identical purposes so in the 1960s production was consolidated under the Federal Reserve. The last Red-Seal US Note was the 1966 Red Seal $100 bill.
A reserve force of the Air Force but under state authority unless called into federal service.
6 per month as mandated by the Federal Reserve under regulation D
Most red-seal notes were issued as $2, $5, and $100 bills. Starting in the 1920s that color identified a bill as a "United States Note" rather than being a "Federal Reserve Note". Federal Reserve Notes are issued under the authority of the Federal Reserve Bank, while U. S. Notes were issued directly by the Treasury. Other than that, they served identical purposes so in the 1960s production was consolidated under the Federal Reserve. The last Red-Seal US Note was the 1966 Red Seal $100 bill.