Establishment of the Federal Reserve System (1907-1914)

1. Panic of 1907 intensifies after Knickerbocker run

   Oct 22, 1907Labels: Knickerbocker Trust, New York

   • Fed History
   • Panic 1907

2. Aldrich–Vreeland Act creates reform commission

   May 30, 1908Labels: Aldrich Vreeland, National Monetary

   • Fed History
   • A V Act

3. National Monetary Commission begins international study

   Jan 1, 1909Labels: National Monetary, international study

   • NMC
   • Cato Study

4. Jekyll Island meeting drafts a central bank plan

   Nov 20, 1910Labels: Jekyll Island, Aldrich group

   • Fed History

5. Aldrich Plan submitted with draft legislation

   Jan 9, 1912Labels: Aldrich Plan, National Reserve

   • Fed Act
   • Cato Study

6. House authorizes “Money Trust” (Pujo) investigation

   Feb 7, 1912Labels: Pujo Committee, House of

   • Pujo
   • Natl Archives

7. Pujo Committee hearings begin in Washington

   May 16, 1912Labels: Pujo hearings, interlocking directorates

   • Pujo

8. Federal Reserve Act bill introduced by Carter Glass

   Aug 29, 1913Labels: Carter Glass, H R

   • Fed Act
   • Fed Statute

9. House passes the Federal Reserve Act bill

   Sep 18, 1913Labels: U S, H R

   • Fed Act

10. Senate passes its version of H.R. 7837

    Dec 18, 1913Labels: U S, Robert L

    • FRA History
    • Fed Act

11. Congress approves conference report on final bill

    Dec 23, 1913Labels: Conference Committee, final bill

    • FRA History
    • Fed Act

12. Wilson signs the Federal Reserve Act into law

    Dec 23, 1913Labels: Woodrow Wilson, Federal Reserve

    • Fed History
    • Fed Statute

13. Twelve Federal Reserve Banks open for business

    Nov 16, 1914Labels: Federal Reserve, system opening

    • Minneapolis Fed
    • St Louis Fed