The Federal Reserve System is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved.
Chairman: Ben S. Bernanke
Current Voting Members: William C. Dudley, James Bullard, Elizabeth A. Duke, Charles L. Evans, Esther L. George, Jerome H. Powell, Sarah Bloom Raskin, Eric S. Rosengren, Jeremy C. Stein, Daniel K. Tarullo, Janet L. Yellen