Passed by Congress in 1913, the Federal Reserve Act established a central bank for the United States and fostered stability in the country’s banking system. The early days of the U.S. banking ...

The 12 Federal Reserve Banks act as “banks for the banks.” When the Board of Governors of the Federal Reserve changes the federal funds rate, it causes other banks to act accordingly ...

The Gold Reserve ... from the Federal Reserve to the U.S. Department of the Treasury, diminishing the central bank’s role in maintaining gold coins and bullion. The act was the pinnacle of ...

President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation in November 1914, ...

U.S. Senator Mike Lee has introduced a bill calling for the abolition of the Federal Reserve system, including the board of ...