Federal Reserve Centennial
The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Before the new central bank could begin operations, the Reserve Bank Operating Committee, consisting of Treasury Secretary William McAdoo, Secretary of Agriculture David Houston and Comptroller of the Currency John Skelton Williams, had the task of building a working institution from the basic framework of the new law. By November 16, 1914, the 12 regional Reserve Banks were open for business.
Today, the Federal Reserve sets the nation’s monetary policy, supervises and regulates banking institutions, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government and foreign official institutions.
Federal Reserve News and Events
Get Involved
The Federal Reserve is compiling an inventory of historical Federal Reserve documents and items. Do you have information about collections, or do you have documents or items that should be added to the inventory? Please let us know.
Federal Reserve System Centennial Advisory Council
Former Federal Reserve Chairmen Paul A. Volcker and Alan Greenspan are serving as honorary co-chairs of a Centennial Advisory Council along with 24 other individuals representing a range of private and public sector organizations.
Frequently Asked Questions
Some Frequently Asked Questions (FAQs) related to the Centennial commemoration and the inventory of historical collections
Boston Fed Resources
Historical
Beginnings... The Federal ReserveThe history of the U.S. banking system, the banking problems of the 19th century, and the legislation that led to the formation of the Federal Reserve System
A Bank, A Man, A Region 
An overview of the Boston Fed during Edward J. McCarthy's seven decades of service
The Presidents of the Boston Fed
