Water chiller. A water chiller is a mechanical device used to facilitate heat exchange from water to a refrigerant in a closed loop system. The refrigerant is then pumped to a location where the waste heat is transferred to the atmosphere.
Banking in the United States before creation of the Federal Reserve System was, to say the least, chaotic. Early American Banking: 1791-1863. Banking in the America of 1863 was far from easy or dependable.
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.