Anonymous ID: aebd7e Dec. 24, 2025, 7:38 a.m. No.24023450   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3456 >>3606 >>3797 >>4005 >>4113 >>4181

December 24, 1913 news of the creation of the Federal Reserve appeared in newspapers

 

THE BANKING ACT.

Dec. 24, 1913

As soon as the President shall have appointed a Controller of the Currency the work of organizing the new banking system under the act signed by him last night will begin. The Secretary of the Treasury, the Secretary of Agriculture, and the Controller of the Currency, acting as the Reserve Bank Organization Committee, will designate the reserve districts, not less than eight nor more than twelve, in which the Federal Reserve Banks will be organized. Two members of this Organization Committee will have authority to act, but it is expected that a Controller of the Currency will be immediately appointed. The reserve districts having been established, all national banks will be required within thirty days to subscribe to the capital stock of the Federal Reserve Bank in their respective districts, and banks and trust companies not in the national system may also signify their acceptance of the terms of the act and become member banks.

https://www.nytimes.com/1913/12/24/archives/the-banking-act.html

https://archive.is/yneIn

 

OWEN-GLASS BILL FRUIT OF 1907 PANIC; Aldrich Bill a Forerunner, but Its Authorship Helped Its Defeat. WILSON CARRIED HIS POINT Was Insistent Upon Government Control of Reserve Board, and Bankers Acquiesced.

Dec. 24, 1913

https://www.nytimes.com/1913/12/24/archives/owenglass-bill-fruit-of-1907-panic-aldrich-bill-a-forerunner-but.html

https://archive.is/nDTw5

 

December 24, 1913

NEW YORK TRIBUNE, December 24, 1913 The issue carries a front page three column, two line headline: "Currency Act Made Law By President's Signature" with subheads "Democrats Rejoice as Their Great Party Measure Is Approved" "Four Gold Pens Used in Signing" Executive Praises Work of the Leader and Terms of Their Bill" "Three Republicans Vote For Measure" "They Swell the Majority in the Senate to 18 for the Conference Report" and also features a photo of President Wilson as he is about to sign.

https://www.rarenewspapers.com/view/590722

 

THE NEW CURRENCY LAW A FORERUNNER OF BETTER TIMES

The sun (New York [N.Y.]), December 24, 1913

https://www.loc.gov/resource/sn83030272/1913-12-24/ed-1/?st=gallery

 

THE WASHINGTON HERALD

Currency Measure Signed By Wilson, Who Calls It "Constitution of Peace

https://www.loc.gov/resource/sn83045433/1913-12-24/ed-1/?sp=1