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 United States Congress enacted the Federal Reserve Act of 1913. The Federal Reserve Act created the Federal Reserve System (the Fed). The Fed serves as the central bank of the United States.The Act created a banking system consisting of both private and public organizations. It established 12 regional Federal Reserve Banks.he Federal Reserve Act was enacted in response to a series of financial crises. The intent of the Act was to create a degree of financial stability. The Act empowers the Fed to regulate and supervise banks and to develop and implement monetary policy.