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.
Dodd-Frank Act
This wide-ranging legislation was signed by President Obama in 2010
Great Recession
This 2007-09 economic downturn was the longest since WWII
Near Failure of LTCM
A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998
Riegle-Neal Act
The 1994 law removed many of the restrictions on bank branching across state lines
Crash of 1987
The Dow dropped 22.6 percent on Black Monday, October 19, 1987
Continental Illinois: Too Big to Fail
The phrase “too big to fail” became commonly used for the first time after Continental’s crisis
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
Banking Act of 1933
Commonly called Glass-Steagall, the Act was widely debated before its enactment
Bank Holiday of 1933
For an entire week in March 1933, all banking transactions were suspended
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."
Crash of 1929
On October 28, 1929, the Dow declined nearly 13 percent
Federal Reserve Act Signed
The Federal Reserve Act became law in December 1913, culminating three years of debate
