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What year was the Federal reserve started and who runs it ?

asked 3 months ago by anonymous

2 Answers

Congress created the Federal Reserve System on December 23, 1913, with the signing of the Federal Reserve Act by President Woodrow Wilson. The Federal Reserve System includes the Board of Governors and the twelve regional Reserve Banks. It took nearly a year from the time President Wilson signed the Act to determine the boundaries of the twelve Federal Reserve Districts and to establish the twelve regional Reserve Banks.

 

per: http://www.federalreserve.gov/kids/#created
answered 3 months ago by anonymous
The Federal reserve was started in 1913 on Jekyll Island by private bankers, with the likes of JP Morgan . To this day it is privatly run by bankers
answered 3 months ago by anonymous

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