Logo: 100 Years, Federal Reserve System
Why We Started
What We Do
Our Impact
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Why We Started
During the 19th and early 20th century, financial panics and bank runs plagued our nation. The Panic of 1907 prompted Americans to call for a central bank. In response, Congress passed the Federal Reserve Act, which President Woodrow Wilson signed into law on December 23, 1913, to provide our nation with a more stable and secure monetary and financial system.