Chairman Ben S. Bernanke’s Press Conference
June 20, 2012
MEMBERS OF THE BOARD
 Ben S. Bernanke Chairman |  Janet L. Yellen Vice Chair |  Elizabeth A. Duke |  Daniel K. Tarullo |
 Sarah Bloom Raskin |  Jeremy C. Stein |  Jerome H. Powell |
The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. The system is composed of a central, independent governmental agency--the Board of Governors--in Washington, D.C., and 12 regional Federal Reserve Banks, located in major cities throughout the nation. Today, the Federal Reserve sets the nation's monetary policy, supervises and regulates banking institutions, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions. Press Release Collections Inventory (PDF)
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