THE ABC OF THE FEDERAL RESERVE SYSTEM (Creation and Operation)

Used, good cond.

Why the Federal Reserve System was called into being, the main features of its organization, and how it works.

The federal reserve banks came into being in the month of November, 1914. The passage of the legislation by which they were created had been preceded by five years of discussion, following the financial upheaval of the fall of 1907, such as might have been expected to prepare the way for the considerable changes in banking methods contemplated by the new law.