Fourthly, the exercise of the federal reserve act.

第四、《联邦储备法》的运用。

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The Federal Reserve Act is much easier to change than the Maastricht treaty.

联邦储备法较马斯特里赫特条约更容易改变。

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In theory, Congress could even repeal the Federal Reserve Act altogether since it has the authority to do so.

理论上，国会有权废除美联储的法令。

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There will be many events commemorating the signing of the Federal Reserve Act in December 1913.

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Hence, on December 23, 1913, during the term of President Woodrow Wilson, Congress passed the Federal Reserve Act and the Fed was born.

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To make it easy for the Treasury to sell those bonds, Congress also amended the Federal Reserve Act to allow the Fed to hold government bonds as collateral.

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