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The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
- December 23, 1913 (109 years ago)
Designed with classroom flexibility in mind, The Federal Reserve and You is a free video composed of seven segmented chapters that will walk your students through the purposes and functions of the Federal Reserve System and give them overviews of money and banking and the history of central banking in the United States. Our on-screen hosts explain it all with the help of detailed animation and ...
YouTube. Last Update: May 08, 2024. The Federal Reserve Board of Governors in Washington DC.