Who created Federal Reserve Act (1913)?

The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States. read more

The 1913 Federal Reserve Act was U.S. legislation that created the current Federal Reserve System and introduced the Central Bank. The 1913 Federal Reserve Act was U.S. legislation that created the current Federal Reserve System and introduced the Central Bank. read more

The Federal Reserve Act was the concluding chapter of an evolving (and controversial) effort to create a central bank in the United States. The initial effort was led by Senator Nelson W. Aldrich (R-Rhode Island). read more

The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. §§ 221 to 522) is an Act of Congress that created and established the Federal Reserve System (the central banking system of the United States), and which created the authority to issue Federal Reserve Notes (commonly known as the US Dollar) as legal tender. read more