The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depres...
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Jurisdiction of agency's government:
Date founded:
- 1913
Works Written About This Topic:
- The Fed: The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets ,
- Maestro: Greenspan's Fed and the American Boom
Also known as:
- The Fed,
- Federal Reserve,
- Fed
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