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History of the Federal Reserve
System
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The United States Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913.
Federal Reserve Board, 1917
Image: Fed Reserve
Thomas B.
McCabe
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Thomas Bayard McCabe was an American businessman who served as the 8th chairman of the Federal Reserve from 1948 to 1951. McCabe also served as president and CEO of Scott Paper Company for 39 years.