Phelan Act of 1920
id:
phelan-act-of-1920-214-1997304
title:
Phelan Act of 1920
text:
In United States federal banking legislation, the Phelan Act of 1920, sponsored by Sen. James D. Phelan (D) of California, authorized progressive discount rates for any Federal Reserve District bank that borrowed relatively large amounts from its Reserve bank. The FED district bank was given the option to enforce or deny the provision. In FED districts that accepted progressive rates, each member bank was given a line of credit or normal re-discount. This measure helped the banks with the diffic
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Phelan_Act_of_1920
date created:
2008-12-16T13:44:58Z
date modified:
2024-09-12T13:15:00Z
main entity:
{"identifier":"Q16976555","url":"https://www.wikidata.org/entity/Q16976555"}
image:
fields total:
13
integrity:
14