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The Fed Under Alan Greenspan

The fed under alan greenspan

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Title: The fed under alan greenspan

Essay Details:

Subject: Social Issues

Author: John P

Date: December 23, 2015

Level: University

Grade: A

Length: 8 / 2249

Essay text:

The regional reserve banks would be managed not for profit and in the "public interest," by political appointees. The Act divided the country into twelve districts, each district with its own banking "center." The banks within each district were then divided up with respect to size, so that small banks, medium banks, and large banks all have the same voting power. An appointed board of governors would oversee all bank operations within their respective districts, and the Federal Reserve would control the distribution of all currency. The Federal Reserve Act also required that all nationally chartered banks must be members of the Federal Reserve System...

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