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Edge Act |
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Edge Act Legislation in the United States, passed in 1919, that allowed the Federal Reserve to charter banks that could conduct international transactions without needing to abide by the banking laws of an individual state. Because banking is more international today, there are fewer distinctions between Edge Act corporations and ordinary banks. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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