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12 U.S.C. § 225a — Maintenance of long run growth of monetary and credit aggregates
Federal law — U.S. Code and appendices · legal_authorities
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
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Source file: Laws/federal/codes/united-states-code/title-12/section-225a-maintenance-of-long-run-growth-of-monetary-and-credit-aggregates--6ef424e78d.md
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Source location: Title 12, Chapter 3, § 225a; chapter-003-federal-reserve-system.md
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The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
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Federal law — U.S. Code and appendices · legal_authorities
Such board of directors shall be selected as hereinafter specified and shall consist of nine members, holding office for three years, and divided into three classes, designated as classes A, B, and C.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 302
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Federal law — U.S. Code and appendices · legal_authorities
The short title of the Act of December 23, 1913, ch. 6, 38 Stat. 251, shall be the “Federal Reserve Act.”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Generally** The Congress declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means, consistent with its needs and obligations and other essential national policies, and with the assistance and cooperation of both small and larger businesses, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions which promote useful employment opportunities, including self-employment, for those able, willing, and seeking to work, and promote full employment and production, increased real income, balanced growth, a balanced Federal budget, adequate productivity growth, proper attention to national priorities, achievement of an improved trade balance through increased exports and improvement in the international competitiveness of agriculture, business, and industry, and reasonable price stability as provided in [section 1022b(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022b/b&num=0&edition=prelim).
**(b) Full opportunities for employment** The Congress further declares and establishes as a national goal the fulfillment of the right to full opportunities for useful paid employment at fair rates of compensation of all individuals able, willing, and seeking to work.
**(c) Inflation** The Congress further declares that inflation is a major national problem requiring improved government policies relating to food, energy, improved and coordinated fiscal and monetary management, the reform of outmoded rules and regulations of the Federal Government, the correction o
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1021
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress finds that the Nation has suffered substantial unemployment and underemployment, idleness of other productive resources, high rates of inflation, and inadequate productivity growth, over prolonged periods of time, imposing numerous economic and social costs on the Nation. Such costs include the following:
(1) The Nation is deprived of the full supply of goods and services, the full utilization of labor and capital resources, and the related increases in economic well-being that would occur under conditions of genuine full employment, production, and real income, balanced growth, a balanced Federal budget, and the effective control of inflation.
(2) The output of goods and services is insufficient to meet pressing national priorities.
(3) Workers are deprived of the job security, income, skill development, and productivity necessary to maintain and advance their standards of living.
(4) Business and industry are deprived of the production, sales, capital flow, and productivity necessary to maintain adequate profits, undertake new investment, create jobs, compete internationally, and contribute to meeting society’s economic needs. These problems are especially acute for smaller businesses. Variations in the business cycle and low-level operations of the economy are far more damaging to smaller businesses than to larger business concerns because smaller businesses have fewer available resources, and less access to resources, to withstand nationwide economic adversity. A decline in small business enterprises contributes to unemployment by reducing employment opportunities and contributes to inflation by reducing competition.
(5) Unemployment exposes many families to social, psychological, and physiological costs, including disruption of family life
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3111
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Federal law — U.S. Code and appendices · legal_authorities
Not later than one year after October 27, 1978, the Committee on Labor and Human Resources of the Senate and the Committee on Education and Labor of the House of Representatives each shall conduct a study and submit a report, including findings and recommendations, to the Committee on Rules and Administration of the Senate and the Committee on Rules of the House, respectively, on the subject of establishing a full employment goal in connection with the provisions of this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3112
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Federal law — U.S. Code and appendices · legal_authorities
Page 86
TITLE 12—BANKS AND BANKING
§ 225
§ 225. Federal reserve banks; title
A Federal reserve bank shall include in its
title the name of the city in which it is situated,
as ‘‘Federal Reserve Bank of Chicago.’’
(Dec. 23, 1913, ch. 6, § 2 (part), 38 Stat. 252.)
Editorial Notes
CODIFICATION
Section is based on part of the second par. of section
2 of act Dec. 23, 1913. The rest of the second par. was not
included in the Code. For classification of other pars. of
section 2 of this Act, see Codification note set out
under section 222 of this title.
§ 225a. Maintenance of long run growth of mone-
tary and credit aggregates
The Board of Governors of the Federal Reserve
System and the Federal Open Market Com-
mittee shall maintain long run growth of the
monetary and credit aggregates commensurate
with the economy’s long run potential to in-
crease production, so as to promote effectively
the goals of maximum employment, stable
prices, and moderate long-term interest rates.
(Dec. 23, 1913, ch. 6, § 2A, as added Pub. L. 95–188,
title II, § 202, Nov. 16, 1977, 91 Stat. 1387; amended
Pub. L. 95–523, title I, § 108(a), Oct. 27, 1978, 92
Stat. 1897; Pub. L. 100–418, title III, § 3005(c), Aug.
23, 1988, 102 Stat. 1375; Pub. L. 106–569, title X,
§ 1003(a), Dec. 27, 2000, 114 Stat. 3028.)
Editorial Notes
CODIFICATION
Another section 202 of Pub. L. 95–188 amended section
302 of this title.
AMENDMENTS
2000—Pub. L. 106–569 struck out provisions after first
sentence relating to annual reports to Congress, trans-
mittal of reports to Congressional Committees, con-
sultations with Committees, report of Committee,
changing conditions affecting achievement of objec-
tives and plans, and explanation for deviations from ob-
jectives and plans.
1988—Pub. L. 100–418
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 225a
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