Overview: The History of the Federal Reserve The Federal Reserve System ("Fed") is the central bank of the United States This website serves as a gateway to the history of the Federal Reserve for educators, students, and the general public The Fed has a complex structure and mission
Fed History Overview - Federal Reserve History The Federal Reserve System is the central bank of the United States Founded by an act of Congress in 1913, the Federal Reserve's primary purpose was to enhance the stability of the American banking system
History of the Federal Reserve System - Wikipedia Federal Reserve Board, 1917 The Federal Reserve System is the third central banking system in United States history The First Bank of the United States (1791–1811) and the Second Bank of the United States (1817–1836) each had a 20-year charter
Federal Funds Rate History 1990 to 2024 – Forbes Advisor Forbes Advisor has compiled this history as a handy guide to the course of the federal funds rate and the Federal Reserve’s monetary policy decisions over the last 35 years The Federal Reserve
Fed Funds Rate - 70 Year Historical Chart - Macrotrends The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate
Federal Funds Effective Rate (FEDFUNDS) - FRED | St. Louis Fed Averages of daily figures For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954 The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight
Chair of the Federal Reserve - Wikipedia Federal Reserve Chairs (left to right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker Photo taken 1 May 2014, when Yellen was Chair As stipulated by the Banking Act of 1935, the Chairman is chosen by the president from among the sitting governors to serve four-year terms with the advice and consent of the Senate
Creation of the Federal Reserve The Federal Reserve Bank of San Francisco covered a huge territory because the west was much more sparsely populated and less commercially active than, say, the territory of the Philadelphia Fed In larger areas, regional reserve banks open branches to serve their districts better According to the Federal Reserve Act of 1913, one of the