December 24, 1913 (the Winter Guichou January 27), the Federal Reserve began.


the U.S. Federal Reserve began Reference, 1913 12 24, 2010, the United States has about 213 national banks to apply to join the new Federal Reserve System under a decree just signed by President Wilson 23 . The new federal banking system will provide the bank notes and credit cards, as a means to grow automatically when the business climate and turnover decreased automatically reduced.
through the establishment of the 12 Federal Reserve Bank, as a member of the bank's deposits preserved. United States is now coming to a central body to banking services and there is no need for one as a single huge banks such as the Bank of England. Act signed the motion to form, President Wilson used a few pieces of gold pen and jokingly said: "I was gold stored on signing. (L $ dj��.����T) "