Money, Banking, and Monetary Policy from the Formation of the Federal Reserve Until Today

27 Pages Posted: 16 Mar 2016

See all articles by Robert L. Hetzel

Robert L. Hetzel

Federal Reserve Banks - Federal Reserve Bank of Richmond

Gary Richardson

University of California at Irvine; National Bureau of Economic Research

Date Written: 2016-01-15

Abstract

The United States Congress created the Federal Reserve System in 1913. The System consists of the Federal Reserve Board in Washington, D.C.; 12 Federal Reserve Banks; and thousands of member commercial banks. This entry describes the evolution of the System and of monetary policy from its foundation through 2013.

Suggested Citation

Hetzel, Robert L. and Richardson, Gary, Money, Banking, and Monetary Policy from the Formation of the Federal Reserve Until Today (2016-01-15). FRB Richmond Working Paper No. 16-1, Available at SSRN: https://ssrn.com/abstract=2748438

Robert L. Hetzel (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

Gary Richardson

University of California at Irvine ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

HOME PAGE: http://www.socsci.uci.edu/~garyr/welcome.html

National Bureau of Economic Research ( email )

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Cambridge, MA 02138
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HOME PAGE: http://www.nber.org

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