What did the federal reserve act create?

it enforced conservation of land and created monuments.
it supported 10 national banks in the nation without a central banking system.
it created a centralized banking system for our nation.
it created a federal income tax.
it prohibited child labor.

the punishment for breaking the law would depend on the conditions or the seriousness of the law being broken, if he or she breaks the law while doing some great discovery or invention then it would classify as a scientific fraud. there are other words to describe the crime but scientific fraud would be the harshest one.