answersLogoWhite

0

The Federal Reserve System was established on December 23 1913 when US President Woodrow Wilson signed the Federal Reserve Act. The original purpose of the System was to give the USA an elastic currency, provide facilities for discounting commercial paper and to improve Bank supervision.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What form of government created the federal reserve system?

The American Republic created the first federal reserve system.


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.


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.


How is the federal reserve system different from the system of national banks created in the 1860s?

gay


When was Federal Reserve Unit created?

Federal Reserve Unit was created in 1955.


When was Federal Reserve Police created?

Federal Reserve Police was created in 2001.


When was the federal reserve established?

The Federal Reserve was created in 1913


How is the federal Reserve system different from the system of national banks created in the 1860's?

gay


What is federal reserve system for?

what is one of examiner jobs at the federal reserve


The Federal Reserve System is in charge of .?

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. It is incharge of supervising and monitoring banking operations in the United States 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. The Government of the United States owns the Federal Reserve.


Who is the chairman of the federal reserve rigth now?

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.