Water chiller. A water chiller is a mechanical device used to facilitate heat exchange from water to a refrigerant in a closed loop system. The refrigerant is then pumped to a location where the waste heat is transferred to the atmosphere.
Banking in the United States before creation of the Federal Reserve System was, to say the least, chaotic. Early American Banking: 1791-1863. Banking in the America of 1863 was far from easy or dependable.
The Federal Reserve is the central banking system for the United States of America. Also known as the Fed, this system was created by Congress in 1913 under the Federal Reserve Act. Congress set out three key goals for the Federal Reserve: moderate interest rates, stable prices and maximum employment.