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THE
FEDERAL RESERVE ACT

“That one Measure won the War”

-JOHN SKELTON WILLIAMS

Comptroller of the Currency

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

NEW YORK
THE CENTURY CO.

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THE FEDERAL
RESERVE ACT
ITS ORIGIN AND PRINCIPLES

by
ROBERT L. OWEN

A REMINISCENCE

M HE Federal Reserve Act has now

T 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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