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U.S. Government Documents: Federal Reserve System

Created by Fred Muratori

Federal Reserve System


The Federal Reserve System (FRS) was established by the Federal Reserve Act (12 U.S.C. 221), approved December 23, 1913. Its major responsibility is in the execution of monetary policy. It also performs other functions, such as the transfer of funds, handling Government deposits and debt issues, supervising and regulating banks, and acting as lender of last resort.

The web site of the Board of Governors of the Federal Reserve System contains working papers, statistical reports, press releases and other publications of the FRS. It also provides links to the web sites of the twelve district Federal Reserve Banks.

The Federal Reserve Archive (FRASER) is a data preservation and accessibility project of the Federal Reserve Bank of St. Louis. FRASER’s mission is to safeguard and provide easy access to the nation’s economic history—particularly the history of the Federal Reserve System—through digitization of documents related to the U.S. financial system. The collections include annual reports, transcripts of meetings, FRS-related Congressional hearings, public statements of Board members and chairpersons, and other material.

To locate publications of individual FRS banks in the Library catalog, search the name of the bank as author, e.g.:

  • Federal Reserve Bank of Atlanta
  • Federal Reserve Bamk of Boston

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