Skip top navigation

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.

Topic Time Period

Featured Person

William J. McDonough

William J. McDonough

Black opposed President Roosevelt’s call for the Federal Reserve to surrender its gold to the U.S. Treasury.

Learn about the people who helped shape the Federal Reserve.


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?

Learn More

Essays By Topic

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

View More