Glass–Owen Act

E47399

The Glass–Owen Act is the landmark 1913 U.S. law that created the Federal Reserve System as the nation’s central bank to stabilize the financial system and manage monetary policy.

AI illustration

How this image was made

AI-generated illustration of Glass–Owen Act

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Glass–Owen Act (The Glass–Owen Act is the landmark 1913 U.S. law that created the Federal Reserve System as the nation’s central bank to stabilize the financial system and manage monetary policy.)

All labels observed (1)

Label Occurrences
Glass–Owen Act canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal law ⓘ
banking law ⓘ
monetary law ⓘ
aimedToImprove banking system resilience ⓘ
financial stability ⓘ
appliesToJurisdiction United States ⓘ
authorized Federal Reserve Notes as national currency ⓘ
classification landmark U.S. financial legislation ⓘ
codifiedIn Title 12 of the United States Code ⓘ
country United States ⓘ
created Federal Reserve System ⓘ
createdNumberOfRegionalBanks 12 ⓘ
dateEnacted 1913-12-23 ⓘ
definesRoleOf Federal Reserve System ⓘ
empowered Federal Reserve System to issue Federal Reserve Notes ⓘ
established Federal Reserve System ⓘ
grantedPowerTo Federal Reserve Banks ⓘ
Federal Reserve Board of Governors ⓘ
hasLanguage English ⓘ
hasOfficialName Federal Reserve Act of 1913 ⓘ
historicalContext Progressive Era reforms ⓘ
introducedInChamber United States House of Representatives ⓘ
United States Senate ⓘ
legislativeBody United States Congress ⓘ
motivatedBy Panic of 1907 ⓘ
namedAfter Carter Glass ⓘ
Robert Latham Owen ⓘ
presidentDuringEnactment Woodrow Wilson ⓘ
purpose to afford means of rediscounting commercial paper ⓘ
to create a central banking system for the United States ⓘ
to establish more effective supervision of banking in the United States ⓘ
to provide an elastic currency ⓘ
region North America ⓘ
regulates member banks of the Federal Reserve System ⓘ
relatedTo United States monetary policy ⓘ
lender of last resort function ⓘ
replacedSystem National Banking System ⓘ
resultedInCreationOf Federal Reserve Banks ⓘ
Federal Reserve Board ⓘ
shortTitle Federal Reserve Act ⓘ
signedBy Woodrow Wilson ⓘ
sponsor Carter Glass ⓘ
Robert Latham Owen ⓘ
subjectMatter bank regulation ⓘ
central banking ⓘ
monetary policy ⓘ
typeOfStatute public law ⓘ
yearEnacted 1913 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Reserve Act of 1913 → alsoKnownAs → Glass–Owen Act ⓘ