The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
Near Failure of LTCM
A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998
Failure of Continental Illinois
The 1984 failure and rescue of this bank gave rise to the term "too big to fail"
Monetary Control Act
The 1980 Act was one of the most important laws to affect the Fed in its 100-year history
Savings and Loan Crisis
The 1980s was a period of distress for the financial sector, especially savings and loans
Emergency Lending to Nonbank Borrowers
The Emergency Relief and Construction Act of 1932 expanded the Fed's ability to make certain loans under "unusual and exigent circumstances."
Federal Reserve Act Signed
The Federal Reserve Act became law in December 1913, culminating three years of debate