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: Janet L. Yellen
Current Voting Members: Stanley Fischer, Lael Brainard, William C. Dudley, Narayana Kocherlakota, Loretta J. Mester, Patrick T. Harker, Jerome H. Powell, Daniel K. Tarullo