1 There are 1000 mL per liter, so convert by calculating (1 L / 1000 mL) x (2000 mL) = 2 liters of water.  Note that we arranged the conversion so that the mL units canceled out (one on top, one on bottom). If we had written it as 1000 mL / 1 L x 2000 mL we would end up with a nonsense result.
The Federal Reserve System: 1913 to DateFunctions of the Federal Reserve System. By 1913, America's economic growth both at home and abroad required a more flexible, yet better controlled and safer banking system.
The Federal Reserve Act established the Federal Reserve System as the central banking authority of the United States. In the early 1900s, economists believed that the United States banking system needed reform.he Federal Reserve System was the answer to this perceived problem. The Act created 12 regional Federal Reserve banks located in major cities. The Act requires that any bank using the phrase National Bank in its name must be a member of the Federal Reserve System.