Federal Reserve Act of 1913

E8347

The Federal Reserve Act of 1913 is the U.S. law that created the Federal Reserve System as the nation’s central bank to provide a safer, more flexible, and more stable monetary and financial system.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute
banking law
monetary law
alsoKnownAs Glass–Owen Act
amendedBy Banking Act of 1933
Banking Act of 1935
Dodd–Frank Wall Street Reform and Consumer Protection Act
Federal Reserve Reform Act of 1977
Full Employment and Balanced Growth Act of 1978
appliesTo national banks
state banks that choose to become member banks
citation Pub.L. 63–43
codifiedIn Title 12 of the United States Code
country United States
created Federal Reserve Banks
Federal Reserve Board
Federal Reserve System
effectiveDate 1914-11-16
enactedBy 63rd United States Congress
establishes 12 regional Federal Reserve Banks
grantsPowerTo Federal Open Market Committee
Federal Reserve Board of Governors
historicalContext enacted after the Panic of 1907
introducedInChamber United States House of Representatives
United States Senate
jurisdiction federal jurisdiction of the United States
language English
legislativeBody United States Congress
locationOfSigning Washington, D.C.
policyGoal elastic currency
mitigation of financial panics
more effective supervision of banking
purpose to create the Federal Reserve System as the central bank of the United States
to provide a safer, more flexible, and more stable monetary and financial system
regulates discount window lending
issue of Federal Reserve notes
reserve requirements of member banks
relatedTo United States banking system
United States monetary policy
replaced Aldrich–Vreeland Act
shortName Federal Reserve Act
signedBy Woodrow Wilson
signingDate 1913-12-23
sponsor Carter Glass
Robert Latham Owen
subject banking regulation
central banking
monetary policy

How these facts were elicited

Referenced by (51)

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

Federal Reserve Board of Governors legalBasis Federal Reserve Act of 1913
Federal Reserve System legalBasis Federal Reserve Act of 1913
FRB legalBasis Federal Reserve Act of 1913
Federal Reserve Note governingLaw Federal Reserve Act of 1913
Federal Reserve Act of 1913 shortName Federal Reserve Act
linked to: Federal Reserve Act of 1913
Banking Act of 1935 amends Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Open Market Committee legalBasis Federal Reserve Act
linked to: Federal Reserve Act of 1913
Regulation D basedOnStatute Federal Reserve Act
linked to: Federal Reserve Act of 1913
Chair of the Federal Reserve legalBasis Federal Reserve Act of 1913
Woodrow Wilson administration notablePolicy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Progressive Era significantEvent Federal Reserve Act of 1913
Woodrow Wilson implemented Federal Reserve Act
linked to: Federal Reserve Act of 1913
Carter Glass notableWork Federal Reserve Act
linked to: Federal Reserve Act of 1913
Aldrich–Vreeland Act followedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Aldrich–Vreeland Act supersededBy Federal Reserve Act of 1913
Federal Reserve Reform Act of 1977 amends Federal Reserve Act
linked to: Federal Reserve Act of 1913
63rd United States Congress passed Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve Bank of New York foundedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Glass–Owen Act hasOfficialName Federal Reserve Act of 1913
Glass–Owen Act shortTitle Federal Reserve Act
linked to: Federal Reserve Act of 1913
Reg D relatedTo Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve Bank of Cleveland foundedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Independent Treasury System abolishedBy Federal Reserve Act of 1913
Federal Reserve Bank of Richmond foundedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve Board governors legalBasis Federal Reserve Act of 1913
Federal Reserve Bank presidents governedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Regulation J legalBasis Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve Banks legalBasis Federal Reserve Act of 1913
Robert Latham Owen sponsored Federal Reserve Act
linked to: Federal Reserve Act of 1913
Robert Latham Owen coAuthorOf Federal Reserve Act
linked to: Federal Reserve Act of 1913
Robert Latham Owen notableWork The Federal Reserve Act: Its Origin and Principles
linked to: Federal Reserve Act of 1913
New Freedom domestic program hasPart Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Deposit Insurance Act relatedTo Federal Reserve Act
linked to: Federal Reserve Act of 1913
Jekyll Island conference on banking reform influenced Federal Reserve Act of 1913
Panic of 1907 influenced Federal Reserve Act of 1913
National Monetary Commission influenced Federal Reserve Act of 1913
Banking Code of the United States includes Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve reports of monetary policy objectives to Congress isRelatedTo Federal Reserve Act
linked to: Federal Reserve Act of 1913
Federal Reserve monetary policy framework basedOn Federal Reserve Act
linked to: Federal Reserve Act of 1913
Vice Chair of the Federal Reserve legalBasis Federal Reserve Act
linked to: Federal Reserve Act of 1913
Fourth District legalBasis Federal Reserve Act of 1913
Fourth District establishedBy Federal Reserve Act of 1913
Federal Reserve Bank of Atlanta foundedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
FRB Richmond foundedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
St. Louis Federal Reserve District establishedBy Federal Reserve Act of 1913
Boston Federal Reserve District establishedBy Federal Reserve Act of 1913
Philadelphia Federal Reserve District establishedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Chicago Federal Reserve District establishedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Kansas City Federal Reserve District establishedBy Federal Reserve Act
linked to: Federal Reserve Act of 1913
Dallas Federal Reserve District establishedBy Federal Reserve Act of 1913