That original act occurred in 1913. In law the only entity that lasts longer than 99 years is a charitable trust and the Federal Reserve is private and not trustworthy. The U.S. constitution is a charitable trust as is the Louisiana Purchase.
At any rate toward the end of 2012 we should see some signs of the Federal Reserve either dissolving entirely or undergoing a restructure that results in an entity with the same name (or similar) formed.

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