Corroborating Mr. Hodges' figures was the Federal Reserve Board's report of the large sales increase in the nation's department stores for the week ending March 4.

If the trend of general business activity follows the pattern suggested here, we are likely to see additional steps by the Federal Reserve authorities to ease the availability of credit.

One of the most intriguing questions is whether the recent departures of the Federal Reserve authorities from confining their open market operations to Treasury bills will spread into longer-term Government securities in the next few months.

To the extent that the new Administration has its wishes, the Federal Reserve would conduct its open market operations throughout the entire maturity range of Government securities and aggressively seek to force down long-term interest rates.

The principle of `` bills only '', or `` bills preferably '', seems so strongly accepted by the Federal Reserve that it is difficult to envision conditions which would persuade the authorities to depart radically from it by extending their open market purchases regularly into long-term Government securities.

The economist does not look for a drastic switch in the budget during this recovery and believes it `` even more unlikely that the Federal Reserve will aggressively tighten monetary policy in the early phases of the upturn as was the case in 1958 ''.

-- Alfred Hayes, president of the Federal Reserve Bank of New York, said Tuesday `` there is no present need for far-reaching reforms '' which would basically alter the international financial system.

Critics have also argued that, as the Austrian business cycle theory points to the actions of fractional-reserve banks and central banks to explain the business cycles, it fails to explain the severity of business cycles before the establishment of the Federal Reserve in 1913.

* 1976 – The United States Treasury Department reintroduces the two-dollar bill as a Federal Reserve Note on Thomas Jefferson's 233rd birthday as part of the United States Bicentennial celebration.

More controversially, officials of the Federal Reserve assisted in the negotiations that led to this bail-out, on the grounds that so many companies and deals were intertwined with LTCM that if LTCM actually failed, they would as well, causing a collapse in confidence in the economic system.

In the 1950s, Burroughs had worked with the Federal Reserve Bank on the development and computer processing of magnetic ink character recognition ( MICR ) especially for the processing of bank cheques.

In industries like banking, where continuous operations was mandatory, Burroughs large systems penetrated most every large bank, including the Federal Reserve Bank.

* FRED ( Federal Reserve Economic Data )

Gerald P. O ' Driscoll, former vice president at the Federal Reserve Bank of Dallas, stated that Fannie Mae and Freddie Mac became examples of crony capitalism.

In the United States, the Federal Reserve System operates without direct oversight by the legislative or executive branches.

Examples include the European Central Bank ( ECB ), the Federal Reserve of the United States, and the People's Bank of China.

The US Federal Reserve was created by the U. S. Congress through the passing of The Federal Reserve Act in the Senate and its signing by President Woodrow Wilson on the same day, December 23, 1913.

The word " Reserve " is also often included, such as the Reserve Bank of India, Reserve Bank of Australia, Reserve Bank of New Zealand, the South African Reserve Bank, and U. S. Federal Reserve System.

The method used for computing the respective Federal and State shares in total program costs is specifically set forth in the Act.

The present Federal program of vocational education began in 1917 with the passage of the Smith-Hughes Act, which provided a continuing annual appropriation of $7 million to support, on a matching basis, state-administered programs of vocational education in agriculture, trades, industrial skills and home economics.

For the Smith-Hughes, George-Barden, and National Defense Act of 1958, the cumulative total of Federal expenditures in 42 years was only about $740 million.

However, the Federal Court held that since the State had accepted the provisions of the Wagner-Peyser Act into its own Code, and presumably therefore also the regulations, it was now a State matter.

The impact of noncompliance under the Wagner-Peyser Act is clear: the withdrawal of some $11 million a year of administrative funds which finance our employment service program or, as a corollary, the taking over by the Federal Government of its operation.

Under Title III of the ADA, all " new construction " ( construction, modification or alterations ) after the effective date of the ADA ( approximately July 1992 ) must be fully compliant with the Americans With Disabilities Act Accessibility Guidelines ( ADAAG ) found in the Code of Federal Regulations at 28 C. F. R., Part 36, Appendix " A ".

After Amadeus abandonment in 1873, Parliament declared the Federal Republic ( including the Cuba, Puerto Ico and he Pacific Archipelagos ), the first act of President Estanbislao Figueras was to extend the Abolition Act to Puerto Rico.

* Federal Control of Pollution Act ( Bundesimmissionsschutzgesetz )

In March 1933, one month after the Reichstag fire, the then president, Paul von Hindenburg, a retired war hero, gave Hitler ultimate power through Enabling Act of 1933, he remained at the post of Federal Government Chancellor ( though he called himself the Führer ).

A subsequent review of these tests by the Federal Insecticide, Fungicide, and Rodenticide Act Scientific Advisory Panel points out that while " the negative results decrease the probability that the Cry9C protein is the cause of allergic symptoms in the individuals examined ... in the absence of a positive control and questions regarding the sensitivity and specificity of the assay, it is not possible to assign a negative predictive value to this "

Federal prosecutors also brought Mann Act charges against Chaplin related to Barry in 1944, of which he was acquitted.

In the 2011 court case AT & T Mobility v. Concepcion, the U. S. Supreme Court ruled in a 5-4 decision that the Federal Arbitration Act of 1925 preempts state laws that prohibit contracts from disallowing class action lawsuits, which will make it more difficult for consumers to file class action lawsuits.

" The records of " alleged civil contempors " are not listed in the Federal Register as being in the system leading to a potential claim for damages under The Privacy Act, 5 USC section 552a ( e )( 4 )( I ).

He justified the project through the Federal Aid Highway Act of 1956 as essential to American security during the Cold War.

Because of its chemical similarity to levomethorphan, DXM could also be treated as a Schedule II drug under the Federal Analog Act.

The Federal Trade Commission Act regulates all forms of advertising, including online advertising, and states that advertising must be truthful and non-deceptive.

These successes were followed by the enactment of a whole series of laws regulating waste ( Resource Conservation and Recovery Act ), toxic substances ( Toxic Substances Control Act ), pesticides ( FIFRA: Federal Insecticide, Fungicide, and Rodenticide Act ), clean-up of polluted sites ( Superfund ), protection of endangered species ( Endangered Species Act ), and more.

It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.

The Congress established three key objectives for monetary policy — maximum employment, stable prices, and moderate long-term interest rates — in the Federal Reserve Act.

Other purposes are stated in the Federal Reserve Act, such as " to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes ".

It resulted in the abolition of the Soviet Federal Government (" the Union center ") and independence of the USSR's republics on 25 December 1991.

This assembly adopted the constitution of the Federal Democratic Republic of Ethiopia in December 1994.

Strongly opposed to the abolitionists who sought to end slavery in the U. S., Booth attended the hanging on December 2, 1859, of abolitionist leader John Brown, who was executed for leading a raid on the Federal armory at Harpers Ferry ( in present-day West Virginia ).

His Federal Bureau of Prisons ( BOP ) number was 07407-058, and he was released from BOP custody on December 1, 1994.

On December 8 and 9 he was interviewed by the Federal Bureau of Investigation ( FBI ).

In December 1915, still with no word from Landis, the parties reached a settlement, and the Federal League disbanded.

On 5 December 2005, the Federal Court of Australia ceased downloads of Kazaa in Australia after Sharman Networks failed to modify their software by the December 5 deadline.

The Federal Republic of Germany declared this on September 1, 1989 and the Soviet Union on December 24, 1989, following an examination of the microfilmed copy of the German originals.

In December 1994, McVeigh and Fortier visited Oklahoma City to inspect their target: the Alfred P. Murrah Federal Building.

" As of December 2010, the Federal Trade Commission is reviewing policy regarding this issue as it relates to behavioral advertising.

The caretaker government was disbanded on 31 December 1992 together with the dissolution of the Czech and Slovak Federal Republic.

* Federal Register December 2000 Section 508 Electronic and information technology accessibility standards

Radio broadcast stations: AM: 4, 789 ; FM commercial stations: 6, 231 ; FM educational stations: 2, 672 ; FM translators & boosters: 3, 995 ; low-power FM stations: 675 ( as of December 31, 2005, according to the Federal Communications Commission )

Television broadcast stations: 9, 024 ( of which 1, 750 are full-power TV stations ; 592 are class-A TV stations ; 4, 537 are TV translators ; and 2, 145 are other low-power TV stations ) ( as of December 31, 2005, according to the Federal Communications Commission ); in addition, there are about 12, 000 cable TV systems.

* December 26 – United States president Woodrow Wilson uses the Federal Possession and Control Act to place most U. S. railroads under the United States Railroad Administration, hoping to more efficiently transport troops and materials for the war effort.

* December 6 – Pierre Graber, Swiss Federal Councilor ( d. 2003 )

* December 23 – The Federal Reserve is created by Woodrow Wilson.

* December 5 – Federal Reserve Board Chairman Alan Greenspan gives a speech in which he suggests that " irrational exuberance " may have " unduly escalated asset values ".

* December 2 – Max Weber, Swiss Federal Councilor ( b. 1897 )

* December 12 – The Supreme Court of the United States upholds a lower Federal Court ruling that the State of Louisiana's laws on racial segregation laws are unconstitutional, and overturns them.

* December 17 – The U. S. Federal Communications Commission ( FCC ) approves color television.