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The

Federal Reserve Act

BY

HON. ROBERT L. OWEN

UNITED STATES SENATOR OF OKLAHOMA

CHAIRMAN OF THE UNITED STATES SENATE COMMITTEE
ON BANKING AND CURRENCY

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Gist! Dept. of
Economies

8/27/56

Copyright, 1919, by Robert L. Owen

Printed in the United States of America

1071398


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T

A REMINISCENCE

HE Federal Reserve Act has now

so completely demonstrated its value, and is so widely approved by the business men of America and of the world, that I have yielded to the suggestion that I should write a short sketch of its origin and principles, as a personal reminiscence, having no time at present to write a full history of this Act.

The backbone of the Federal Reserve Act is:

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