The Federal Reserve was established by Congress and signed by President Woodrow Wilson in 1913. It was preceded by financial panics, bank failures and business bankruptcies that severely disrupted the economy. There were two prior attempts at establishing central banks.
Through the years
The Kansas City Fed's history is detailed in several books.
Explore the history behind the Federal Reserve's current roles as overseer and participant in the payments system and the often contentious debate over the central bank's responsibilities.
By Bill Medley
Read about the Kansas City Fed's past through the leaders and innovations that shaped our development into what we are today.
This book was created to help Federal Reserve Bank directors, who are responsible for the governance of their Districts and the guardianship of the Federal Reserve System.
This brief biography focuses on the leadership of the Fed's long-time head of banking supervision during the financial crisis of the 1980s and the parallels to today's turmoil.