History of the Federal Reserve Bank of Minneapolis

Historical Overview

A brief history of the Federal Reserve Bank of Minneapolis, which was incorporated on May 18, 1914.

The Region

75th Anniversary

A special anniversary issue of The Region was part of a year-long celebration at the Minneapolis Fed marking the Federal Reserve System's 75th anniversary.

Included in the special issue are:

• The Districts Take Shape
  How the Federal Reserve Districts were shaped and cities chosen for Fed offices.
• Leadership at the Minneapolis Federal Reserve Bank
  Minneapolis Fed leaders, past and present, comment on the history of the Federal Reserve System.
• The Federal Reserve System: An Overview of Times and Events
  Timeline of Federal Reserve events, legislation, monetary policy actions.

The Region, December 2005

Mr. Peyton's Bank
John N. Peyton headed the Minneapolis Federal Reserve during a turbulent period in history—through the Great Depression, a dramatic restructuring of the Federal Reserve System, the financial stresses of World War II and the postwar economic boom.

The Region, December 1997

Which of the Twin Cities?
Competition was intense between Minneapolis and St. Paul
for the Ninth District Federal Reserve Bank.

Reflections from History

Excerpts from Reflections from History: The Minneapolis Federal Reserve Bank, by Clarence W. Nelson, 1973

• Blueprint for reform: how to draft it?
• Defining the districts: where to draw the lines?
• Building the bank: people and plant
• Learning the job: a central bank evolves

Oral Histories

In 1992, four past Minneapolis Fed presidents and the current president, Gary H. Stern, were asked to discuss the Minneapolis Fed past, present and future.

• Frederick L. Deming (1957-1965)
• Bruce K. MacLaury (1971-1976)
• Mark H. Willes (1977-1980)
• E. Gerald Corrigan (1980-1984)
     Corrigan Interview, The Region, November 1990
• Gary H. Stern (1985- )