The Banking Act of 1935 passed on August 19, 1935, and was signed into law by the president, Franklin D. Roosevelt, on August 23.[1][2] The Act changed the structure and power distribution in the Federal Reserve System that began with the Banking Act of 1933. The Act contained three titles.
^Chandler, Lester Vernon (1971). American Monetary Policy, 1928 to 1941. New York: Harper and Row. pp. 304–307. OL 1626282W.
^Banking Act of 1935, Public Law no. 305, 49 Stat. 684 (Aug. 23, 1935).
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