Maintenance of long run growth of monetary and credit aggregates

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Title 12—BANKS AND BANKING > CHAPTER 3—FEDERAL RESERVE SYSTEM > SUBCHAPTER I—DEFINITIONS, ORGANIZATION, AND GENERAL PROVISIONS AFFECTING SYSTEM

This text was captured on Jul 23, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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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.

( 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 .)

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