Federal Reserve
Federal Reserve

Federal Reserve
1913 AD - 2015 AD
AKA Federal Reserve System, the Fed

The central banking system of the United States of America created with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.

Controlled by member private banks but not "owned by anyone".

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