After the Federal Reserve Act was signed in 1913, the Federal Reserve came into its own in the two decades that followed.
The Fed’s success led to this legislation in 1927, which rechartered the Federal Reserve Banks in perpetuity among other items
The Treasury and the Fed worked together to finance World War I
The twelve Federal Reserve Banks opened for business in November 1914
World War I was the first test of the nation's new central bank
The RBOC announced the location and district boundaries of the Reserve Banks in April 1914
President Wilson signed the Act in December 1913, culminating three years of debate