The Federal Reserve System was created over 100 years ago with the signing of the Federal Reserve Act on December 23, 1913. FRASER’s curated collection of documents relates to the Federal Reserve Act as passed in 1913. This collection, or “theme,” features hearings, draft legislation, and congressional reports. The highlight of this collection is the original text of the Federal Reserve Act, complete with the signature of President Woodrow Wilson.
Federal Reserve Act, December 23, 1913. https://fraser.stlouisfed.org/scribd/?title_id=966&filepath=/docs/historical/fr_act/nara-dc_rg011_e005b_pl63-43.pdf&start_page=30.
Since 1913, the Federal Reserve Act has been amended several times. The most recent version is available from the Board of Governors of the Federal Reserve System.
See the following resources for additional background on the passage of the Federal Reserve Act:
- A Christmas Present for the President, by Gerald T. Dunne
- Federal Reserve Act Signed by President Wilson, by Staff of the Federal Reserve Bank of Kansas City
- The Federal Reserve Act of 1913 – A Legislative History, by Rick McKinney
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