federal reserve

     

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Trivia about federal reserve

  • In January 2000 Alan Greenspan was nominated to a fourth term as chairman of this agency
  • Take note, it's the Central Bank of the United States
  • It's the central bank of the United States
  • Established in 1913, it's the independent agency that oversees the nation's banking system
  • Its past chairmen have included Thomas McCabe, Arthur Burns & Paul Volcker
  • In 2008 this body jumped into the credit crisis with a $200 billion lending program for investment banks
  • The 1913 Owen-Glass Act established this central banking system forcing all national banks to join