The Federal Reserve Bank was first established in the U.S. by an Act of Congress passed in

Question

Quizplus · Accepted Answer

The Federal Reserve Bank was established in the U.S. by an Act of Congress passed in 1913. Option A (1776) is incorrect because the Continental Congress did not establish the Federal Reserve Bank during that era. Option B (1938) is incorrect because the Federal Reserve System was already in place by then. Option D (1947) is also incorrect because the Act of Congress was already passed and enacted in 1913.

The Federal Reserve Bank Was First Established in the U