In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

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 ...

Additionally, the Kansas City Fed supports the payments system through actions ... of Kansas City has many of the same responsibilities as other Federal Reserve banks, which include supervising ...

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few ...

The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.

In its earliest years, the Federal Reserve’s mission was to help small financial institutions weather the turbulence of ...

In the exercise of its administrative responsibilities, a Reserve Bank’s head office ... In this function, directors, with their diverse backgrounds, bring to the Federal Reserve System the greatest ...

It is generally carried out by central banks, such as the U.S. Federal ... changing reserve requirements, and the use of its discount rate. Fiscal policy, on the other hand, is the responsibility ...

largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its ...