0
The Federal Reserve Charter does not contain an expiration date for various reasons. However, the charter is subject to revocation by Congress.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIt doesn't. The Charter was created with no stated date of expiration. However, Congress has the power to dissolve the FED.
Add your answer:
Earn +20 pts
Is the federal reserve controlled by congress?
No, the Federal Reserve System is an independent agency of the federal government, and is run by its Board of Governors, of whom Ben Bernanke is the Chairman. The seven Governors are nominated by the President and approved by the Senate to fourteen-year terms. Although both the President and the Congress both wish that they sometimes did run the Federal Reserve and dictate its economic and regulatory policies, they do not.
What government agency conducts monetary policy in the United States?
The Federal Reserve is responsible for managing the money supply in the U.S.
When was the federal reserve established?
The Federal Reserve was created in 1913
How many federal reserve districts did the Federal Reserve Act divide the US into?
There are twelve Federal Reserve districts in the U.S.
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
How did Jackson react to the bill to recharter of the bank of the US?
He vetoed it. Not wanting to wait for the charter to expire, he withdrew federal funds from the bank.
Can the fed charter corporations?
Not really although they do have "dotted line" influence over such orgs as the Federal Reserve and Fannie Mae.
Is the federal reserve controlled by congress?
No, the Federal Reserve System is an independent agency of the federal government, and is run by its Board of Governors, of whom Ben Bernanke is the Chairman. The seven Governors are nominated by the President and approved by the Senate to fourteen-year terms. Although both the President and the Congress both wish that they sometimes did run the Federal Reserve and dictate its economic and regulatory policies, they do not.
What government agency conducts monetary policy in the United States?
The Federal Reserve is responsible for managing the money supply in the U.S.
What was the singular achievement of the Federal Reserve Act?
Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.
What is a federal charter?
Federal charter is the Congressional authority to create the organization. The federal charter designation gives business created under it a level on prestige
When was the federal reserve established?
The Federal Reserve was created in 1913
How many federal reserve districts did the Federal Reserve Act divide the US into?
There are twelve Federal Reserve districts in the U.S.
What law was passed by congress to prevent financial panic?
The Federal Reserve Act...Apex:)
What is the value of a 1913 5 dollar Federal Reserve Note?
Please check your bill again and post a new, separate question. There weren't any 1913 $5 Federal Reserve Notes - the Federal Reserve System didn't start issuing banknotes until 1914. At that time many private banks printed their own bills under federal charter. If your bill has the name of a private bank on it, include that name in the new question.
What is federal reserve system for?
what is one of examiner jobs at the federal reserve
Where was the federal reserve formed?
Who or what group of individuals formed the Federal Reserve
