Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Banking Act of 1935:

• removing the Secretary of the Treasury and the Comptroller of the Currency from the Federal Reserve Board to “allow for increased control of banking and credit”;
• expanding the five-member Board of Directors into the seven-member Board of Governors, and extending their terms to 14 years, thus preventing even a two-term president from appointing a majority of the board;
• making permanent the Federal Deposit Insurance Corporation;
• creating the Federal Reserve Open Market Committee, for the purpose of regularly manipulating the money supply through the purchase and sale of Federal debt obligations.

       NOTE: As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       [restored 7/15/2022]