Vice President Of Construction average salary is $118,082, median salary is $102,435 with a salary range from $60,000 to $171,454. Vice President Of Construction salaries are collected from government agencies and companies. Each salary is associated with a real job position.
What is the purpose of the Federal Reserve System? The Federal Reserve System, often referred to as the Federal Reserve or simply the Fed, is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.
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.The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. Next Up.he 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 Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. Next Up.