The Albany Plan of Union was not a plan for independence; in fact, it still subjected the colonial governments to British control. However, many British and Americans still considered the plan too extreme, so it was ultimately never implemented.
DEFINITION of 'Regulation U' Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of leverage that can be extended for loans secured by securities for the purpose of buying more securities.
1 The Federal Reserve Board of Governors is the governing body of the Federal Reserve System (frequently referred to as the Fed), the central bank of the United States. 2  It conducts the nation's monetary policy by influencing the volume of credit and money in circulation. The Federal Reserve Board of Governors is the governing body of the Federal Reserve System (frequently referred to as the Fed), the central bank of the United States. 2  It conducts the nation's monetary policy by influencing the volume of credit and money in circulation.