The Federal Reserve's History
The Federal Reserve System (“Fed”) is the central bank of the United States. This website serves as a gateway to the history of the Federal Reserve for educators, students, and the general public. The site's purpose is to help demystify the Fed and its role in the economy and to explain how the Fed and its mission have evolved. Learn more in this overview essay on the Fed's history
Community DevelopmentThe Federal Reserve’s Community Development function promotes economic growth and financial stability for low- and moderate-income communities.
Image Description: Community Development
Image Source: St Louis Fed 1993 annual report
Our "Teaching and Learning" page provides links to classroom and research resources for teachers, students, librarians, and anyone else interested in learning more about the story of the Federal Reserve and its role in United States history. View classroom resources
Learn more about the structure and function of the Federal Reserve System, including the three-part organization of the Fed and its five core duties.
"Too big to fail" : Our essay on the 1984 Continental Illinois crisis has been updated with a new edition (2023-05-22)
A new essay on the Federal Reserve System's Community Development function has been added to our 'About the Fed' section (2023-05-08)
Our essay on the Community Reinvestment Act of 1977 has been updated with a new edition, tracing its history from the mid-20th century to today (2023-05-08)