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Explore the Federal Reserve's History

FRBNY President William McDonough (R) and Federal Reserve Chairman Alan Greenspan (L) testify during a hearing on systemic risks to the global economy from hedge fund operations.

Near Failure of LTCM

A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998

Understand key economic events that impacted U.S. History.

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William J. McDonough

William J. McDonough

A team from the New York Fed, led by William McDonough, facilitated the rescue of the hedge fund LTCM.

Learn about the people who helped shape the Federal Reserve.

People

The Fed's Functions

Federal Reserve Building

Did you know that the Fed's responsibilities include conducting monetary policy, supervising and regulating and providing services to financial institutions?

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Essays By Topic

Below are the essays by topic on the Federal Reserve History website.

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