The Federal Reserve on Friday launched the History Web Gateway, a new online resource with biographies, images, and essays on key events in the Fed's 100-year history. The gateway is part of the Fed's effort during its centennial year to encourage a deeper reflection on its role in the nation's economy.
The History Web Gateway offers students, educators, researchers, and others information about the founding of the Fed and its purpose, more than 230 biographies of key individuals, essays on major events in the Fed's history, and access to various Fed archives. Additional content and features will be added over time.
The Fed's centennial year begins on December 23, 2013, the 100th anniversary of the signing of the Federal Reserve Act by President Woodrow Wilson. The Federal Reserve Board opened for business on August 10, 1914, and the Reserve Banks opened on November 16, 1914.
Federal Reserve Chairman Ben S. Bernanke said:
"Looking back at our historical experience provides important insights to economists, historians, and policymakers about how the Fed can best meet its objectives, today and in the future, to promote a healthy economy and stable financial system."
Federal Reserve Bank of Richmond President Jeffrey M. Lacker, who serves as chairman of the Federal Reserve System Centennial Sponsoring Committee said:
"By sharing information about our history and the lessons learned, we can make it easier for the public to learn more about who we are and what we do at the Fed."
The History Web Gateway can be found at www.FederalReserveHistory.org.