Fix the rate of discount it shall charge on each class of paper (subject to review by the Federal Reserve Board).
g.

Establish accounts with other Federal reserve banks and with banks in foreign countries or establish foreign branches.
h.

Apply to the Federal Reserve Board for Federal reserve notes to be issued in the manner below indicated.
Sec.4.

#Federal reserve notes#.

In 1914 there were outstanding about $750,000,000 of what we may now call the old-style bank notes (bond-secured).