More About the Fed

The Federal Reserve System is the central bank of the United States. Congress created the Federal Reserve through a law passed in 1913, charging it with a responsibility to foster a sound banking system and a healthy economy. This broad mission remains today for the Federal Reserve Bank of Minneapolis and the 11 other Federal Reserve Banks, each serving a specific region of the country. The other component, the Board of Governors in Washington, D.C., was established to oversee the Reserve System. (All links to the Board of Governors.)

Federal Reserve Basics

Board of Governors Speeches and Testimony

The Banks and the Board