<P> The Federal Reserve Act ( ch. 6 , 38 Stat. 251 , enacted December 23 , 1913 , 12 U.S.C. ch. 3 ) is an Act of Congress that created and established the Federal Reserve System , the central banking system of the United States , and which created the authority to issue Federal Reserve Notes ( now commonly known as the U.S. Dollar ) and Federal Reserve Bank Notes as legal tender . The Act was signed into law by President Woodrow Wilson . </P>
<P> The Federal Reserve Act ( ch. 6 , 38 Stat. 251 , enacted December 23 , 1913 , 12 U.S.C. ch. 3 ) is an Act of Congress that created and established the Federal Reserve System , the central banking system of the United States , and which created the authority to issue Federal Reserve Notes ( now commonly known as the U.S. Dollar ) and Federal Reserve Bank Notes as legal tender . The Act was signed into law by President Woodrow Wilson . </P>
who signed the federal reserve act of 1913 into being
who signed the federal reserve act of 1913 into being
President Woodrow Wilson
President Woodrow Wilson