An attorney can probably cure the problem for the agent. A stale power of attorney can be refreshed in several ways. One is to have the agent sign an affidavit that he or she is still authorized to act for the principal. An attorney can also sign an affidavit showing that the power of attorney is still valid.
DEFINITION of '1913 Federal Reserve Act'. The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.EFINITION of '1913 Federal Reserve Act'. The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.
The Structure of the Federal Reserve System. The Federal Reserve System was created by the Federal Reserve Act in 1913 and began operating in 1914. The Fed is an unusual mixture of public and private elements. Test your knowledge about Federal Reserve structure through this quiz or word search.Additional quizzes and word searches are also available.he chairman reports twice a year to Congress on the Fed's monetary policy objectives, testifies on numerous other issues, and meets periodically with the Secretary of the Treasury. The Board funds its operations by assessing the Federal Reserve Banks rather than through Congressional appropriation.