Money, Banking, and Monetary Policy from the Formation of the Federal Reserve until Today

Robert L. Hetzel and Gary Richardson

No 16-1, Working Paper from Federal Reserve Bank of Richmond

Abstract: The United States Congress created the Federal Reserve System in 1913. The System consists of the Federal Reserve Board in Washington, D.C.; 12 Federal Reserve Banks; and thousands of member commercial banks. This entry describes the evolution of the System and of monetary policy from its foundation through 2013.

Pages: 25 pages
Date: 2016-01-15
New Economics Papers: this item is included in nep-his and nep-mon
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