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Updated:Apr 23, 2026
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From panic to central banking: legislative steps toward the Federal Reserve Act (1907–1913)

From panic to central banking: legislative steps toward the Federal Reserve Act (1907–1913)

  1. Knickerbocker Trust run deepens 1907 panic

    Labels: Knickerbocker Trust

  2. Aldrich–Vreeland Act creates emergency currency tools

    Labels: Aldrich Vreeland

  3. National Monetary Commission begins work on reform

    Labels: National Monetary

  4. Congress proposes Sixteenth Amendment for income tax

    Labels: Sixteenth Amendment

  5. Secret Jekyll Island meeting drafts Aldrich plan

    Labels: Jekyll Island

  6. National Monetary Commission issues major report

    Labels: National Monetary

  7. House authorizes Pujo Committee money trust inquiry

    Labels: Pujo Committee

  9. Wilson calls for banking and currency reform

    Labels: Woodrow Wilson

  10. Glass and Owen introduce administration’s Fed proposal

    Labels: Glass Owen

  11. House passes the Federal Reserve bill

    Labels: House of

  12. Senate passes Federal Reserve Act

    Labels: United States