HISTORY OF THE FEDERAL RESERVE THE FED STRUCTURE FUNCTIONS FEDERAL RESERVE DISTRICTS FEDERAL RESERVE CENTENNIAL TOURS RESOURCES AUDIENCE COLLEGE ADULT EDUCATORS EDUCATING STUDENTS CONSUMERS FILTER YOUR CURRENCY FINANCE THE AMERICAN REVOLUTION THE CONTINENTAL CONGRESS PRINTED THE NEW NATION PAPER FIAT MONEY NOTES QUANTITY MILD THE WAR PROGRESSED EVENTUALLY PEOPLE FAITH PHRASE WORTH MEAN ATTEMPT CENTRAL BANKING TREASURY SECRETARY ALEXANDER FIRST BANK OF THE UNITED HEADQUARTERED LARGEST CORPORATION THE COUNTRY BANKING MONEY AGRARIAN MINDED AMERICANS UNCOMFORTABLE THE IDEA POWERFUL BANK CHARTER EXPIRED REFUSED RENEW POLITICAL CLIMATE ONCE AGAIN TOWARD CENTRAL NARROW MARGIN SECOND BANK OF THE UNITED ANDREW CENTRAL BANK PRESIDENT KILL ATTACK POWER TOUCHED POPULAR NERVE FREE BANKING ERA BANKS HOLD GOLD OFFERING DEMAND DEPOSITS IN RESPONSE RISING VOLUME CHECK NEW YORK ASSOCIATION EXCHANGE SETTLE NATIONAL BANKING ACT CIVIL THE NATIONAL ACT OF NATIONALLY CHARTERED WHOSE HAD TO GOVERNMENT SECURITIES AMENDMENT THE ACT TAXATION STATE BANK NATIONAL BANK NOTES EFFECTIVELY UNIFORM STATE BANKS FLOURISH POPULARITY TAKEN FINANCIAL PANICS PREVAIL MEASURE STABILITY BANK RUNS PLAGUE BANKING PANIC TRIGGERED WORST DEPRESSION THE UNITED STATES EVER ECONOMY THE INTERVENTION FINANCIAL MOGUL CLEAR BANKING AND FINANCIAL SYSTEM SPECULATION WALL STREET TRIGGERING PARTICULARLY MORGAN AVERT CALLING REFORM THE STRUCTURE CAUSE DEEP DIVISION CONSERVATIVES EASTERN CITIES CONSENSUS ALL AMERICANS AUTHORITY ENSURE HEALTHY ELASTIC THE STAGE RESPONSE THE PANIC OF 1907 EMERGENCY ISSUE THE NATIONAL MONETARY COMMISSION TO SEARCH SOLUTION LEADERSHIP SENATOR NELSON ALDRICH THE COMMISSION DEVELOPED WILLIAM JENNINGS BRYAN PROGRESSIVES ATTACKED WANTED ELECTION DEMOCRAT WOODROW WILSON THE REPUBLICAN EMERGENCE REFORMER KNOWLEDGEABLE SOLICITED EXPERT ADVICE VIRGINIA REPRESENTATIVE CARTER GLASS SOON THE CHAIRMAN OF THE HOUSE COMMITTEE ON PARKER WILLIS PROFESSOR ECONOMICS WASHINGTON AND LEE UNIVERSITY GLASS WILLIS PRESENTED THE FEDERAL RESERVE ACT THE FEDERAL RESERVE DECEMBER 1912 PROPOSAL PRESIDENT WOODROW WILSON SIGNED STOOD CLASSIC EXAMPLE BALANCED COMPETING PRIVATE BANKS POPULIST OPEN FOR BUSINESS BEGIN RESERVE BANK COMPRISED OF WILLIAM MCADOO SECRETARY OF AGRICULTURE DAVID HOUSTON COMPTROLLER OF THE CURRENCY JOHN SKELTON WILLIAMS TASK BUILDING INSTITUTION THE BARE BONES CHOSEN REGIONAL RESERVE HOSTILITIES EUROPE WORLD WAR POLICY BROKE OUT IN OPERATE THANKS TO THE EMERGENCY GREATER IMPACT RESERVE ABILITY BANKERS AIDED THE FLOW OF TRADE GOODS HELPING OFFICIALLY DECLARED WAR GERMANY WAR EFFORT THE BEGINNING OF OPEN MARKET OPERATIONS BENJAMIN STRONG NEW YORK FED DEATH LONGER THE CENTRAL FACTOR AGGRESSIVE ACTION STEM RECESSION PURCHASE GAVE EVIDENCE THE POWER INFLUENCE AVAILABILITY CREDIT MONETARY POLICY STRONG ELEVATED STATURE RELATIONS THE BANK OF ENGLAND THE MARKET CRASH THE GREAT DEPRESSION STOCK MARKET LEAD DIRE PREDICTIONS THE STOCK MARKET THE NATION FELL NEARLY PRESIDENT FRANKLIN DELANO ROOSEVELT GOVERNMENT OFFICIALS REMEDY ECONOMIC BLAMED LENDING INADEQUATE UNDERSTANDING MONETARY ECONOMICS KEPT POLICIES DEPTH THE DEPRESSION AFTERMATH REACTION THE BANKING ACT THE SEPARATION COMMERCIAL INVESTMENT BANKING COLLATERAL FEDERAL RESERVE NOTES THE FEDERAL DEPOSIT INSURANCE BANK HOLDING COMPANIES PRACTICE WAS TO FUTURE HOLDING PREVALENT OVER TIME THE MASSIVE REFORMS TAKING SILVER CERTIFICATES ENDING THE GOLD CHANGES TO COME THE BANKING ACT OF 1935 THE CREATION THE FEDERAL OPEN MARKET COMMITTEE SEPARATE LEGAL ENTITY THE TREASURY SECRETARY GOVERNING BOARD ESTABLISHMENT OF THE MEMBERS TERMS AT 14 THE EMPLOYMENT THE GOAL MAXIMUM EMPLOYMENT THE LIST BANK HOLDING COMPANY ACT REGULATOR CHAIRMAN REPORT TWICE ACCORD COMMITTED MAINTAINING INTEREST RATE GOVERNMENT BONDS REQUEST GOVERNMENT ENGAGE DEBT PEGGED RATE FORCED GIVE UP CONTROL SIZE THE MONEY CONFLICT TO THE FORE THE CENTRAL BANK THE PEG START THE KOREAN WAR PRESIDENT HARRY TRUMAN SECRETARY OF THE TREASURY JOHN SNYDER SUPPORTERS THE PRESIDENT FELT DUTY TO PROTECT PATRIOTIC CITIZENS LOWERING VALUE BONDS TRUMAN FOCUSED THE NEED INFLATIONARY PRESSURES CAUSED BOARD OF GOVERNORS MARRINER ECCLES UNDERSTOOD OBLIGATION INTEREST RATES MONETARY EXPANSION FIERCE DEBATE MONETARY DISPUTE SETTLED AGREEMENT MONETIZE FIXED RATE ESSENTIAL INDEPENDENCE OF CENTRAL PURSUED INFLATION DEFLATION 1970S SAW SKYROCKET PRODUCER CONSUMER PRICES OIL PRICES PAUL VOLCKER SWORN IN FED CHAIRMAN BREAK STRANGLEHOLD PAINFUL SHORT OVERALL UNDER CONTROL SETTING MODERNIZATION MONETARY CONTROL ACT OF 1980 PRICE FINANCIAL SERVICES COMPETITIVELY PRIVATE SECTOR PROVIDERS RESERVE REQUIREMENTS FOR ALL ELIGIBLE FINANCIAL INSTITUTIONS MARKS PERIOD MODERN BANKING INDUSTRY INSTRUMENTS CUSTOMERS BROKERAGE FIRMS BARRIERS INSURANCE PROVED MOMENTUM CHANGE IN ESSENCE ECONOMIC EXPANSION TWO MONTHS ALAN GREENSPAN OFFICE CRASHED STATEMENT TRADING FEDERAL CONSISTENT AFFIRMED TODAY SERVE LIQUIDITY SUPPORT ECONOMIC AND FINANCIAL 1990S CLOSE BURSTING STOCK MARKET BUBBLE THE EA