CHAPTER 9.
THE FEDERAL RESERVE ACT Sec.1.General banking organization.Sec.2.The Federal Reserve Board.
Sec.3.Federal reserve banks.Sec.4.Federal reserve notes.Sec.5.

Reserves against Federal reserve notes.Sec.6.Reserves against Federal reserve bank deposits.Sec.7.Reserves in member banks.Sec.8.Rediscount by Federal reserve banks.Sec.9.Changes in national banks.
Sec.10.Operation of the Act.
Sec.1.

#General banking organization#.

President Wilson and the newly elected Congress with its Democratic majority made banking reform one of the main objects on the program for the special session beginning March 5, 1913.

The result was the Glass-Owen bill, which became law as the Federal Reserve Act December 23 of that year.