Permanent historical factsheet

Section 13(3) Lending Authorised

United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.

1Records
1932Date range
1Named people
1Places

Chronological records

1932

Eugene Isaac Meyer26 July 1932

Washington · Economy / Federal Reserve

The Federal Reserve Board authorises Reserve Banks to begin using the newly enacted section 13(3) emergency-lending authority, extending the System's crisis tools beyond its traditional member-bank borrowers.

Names involved

Eugene Isaac Meyer

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.