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.
Federal Reserve Act. This Act, passed in 1913 during Wilson's administration, established the Federal Reserve System, commonly known as the Fed.. The Federal Reserve System is still the central bank of the United States and is charged with the responsibility of developing and administering monetary and credit policies for the nation.