You might want to check your dates. From wikipedia[1]: "The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the centr

You might want to check your dates. From wikipedia[1]: "The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907." [1] http://en.wikipedia.org/wiki/Federal_Reserve_System http://en.wikipedia.org/wiki/Federal_Reserve_System