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It is not federal in the sense of being owned by the government. It's just a name, like Federal Express. The U.S. Federal Reserve banking system was created in 1913 by a group of bankers. The Federal Reserve Act was the brainchild of banker Paul Warburg, a partner in the investment firm Kuhn, Loeb & Co. and a representative of the Rothschild banking house. Congressman Carter Glass of Virginia co-authored the Federal Reserve Act [aka Owen-Glass Federal Reserve Act of 1913]. It was based on a report from a subcommittee of the House Banking and Currency Committee headed by Glass. But Warburg was the key player in the creation of the Act. Emmanuel Goldenweiser managed the Federal
Reserve Board during its first 30 years.
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When was Federal Reserve Police created?
Federal Reserve Police was created in 2001.
When was Federal Reserve Unit created?
Federal Reserve Unit was created in 1955.
When was the federal reserve established?
The Federal Reserve was created in 1913
When was Federal Reserve Bank of San Francisco created?
Federal Reserve Bank of San Francisco was created in 1930.
When was Federal Reserve Bank of Cleveland created?
Federal Reserve Bank of Cleveland was created in 1923.
What is the federal reserve created?
The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the Federal Reserve.
When was Federal Reserve Bank of Cleveland Pittsburgh Branch created?
Federal Reserve Bank of Cleveland Pittsburgh Branch was created in 1933.
What form of government created the federal reserve system?
The American Republic created the first federal reserve system.
When was Federal Reserve Bank of Richmond Baltimore Branch created?
Federal Reserve Bank of Richmond Baltimore Branch was created in 1926.
When was Federal Reserve Bank of Chicago Detroit Branch Building created?
Federal Reserve Bank of Chicago Detroit Branch Building was created in 1927.
In which year was the Federal Reserve System created?
1913
The Federal Reserve System operates?
The Federal Reserve System operates in the United States of America. The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.
