The Federal Reserve System is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved.
Current Voting Members: William C. Dudley, Elizabeth A. Duke, Richard W. Fisher, Donald L. Kohn, Randall S. Kroszner, Sandra Pianalto
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