1914 - 1935

Years of Transition

The passage of the Federal Reserve Act in 1913 was a watershed in U.S. banking history. It created the Federal Reserve System, consisting of a network of branches in large American cities, tied together by a Board of Governors headquartered in Washington, D.C.

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Safety & Soundness Above AllShow
The Great Depression StrikesShow
Long-Lasting Depression Era ReformsShow

A Closer Look