Show federal reserve copied peru Is the ha first country in latin america to reorganize its banking system according to federal reserve principles by the enactment of the federal reserve act ot of peru to develop the count rys resources along modern lines of financing perus new banking system Is modeled atter after tho the united states federal reserve with modi modifications such as tho the banking conditions and general financial sit aft bation there require it provides for 01 the creation of a F federal doral reserve reserva bank in peru the directorate directorate of this bank ban k ts la to ie be composed of nine mem mehi bers three ot of whom are to be designated by the government and the tha other six are to be elected hy by the member banks |