All federally chartered banks are required to join the federal reserve system, as mandated by the federal reserve act of 1913 federal monetary act federal policy act federal bank adjustment act of 1927

Federal Reserve Act of 1913

Explanation:

The Federal Reserve Act of 1913 was an act of Congress that was signed into law by President Woodrow Wilson. This move was partly motivated by the Panic of 1907. The law created the Federal Reserve System which is the central banking system of the United States. It also required all federally chartered banks to join the federal reserve system.

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