---
title: "Federal Reserve Act — Definition & Meaning | Model Diplomat"
description: "The Federal Reserve Act of 1913 created the U.S. central banking authority, crucial for monetary policy and financial stability in the country."
url: "https://modeldiplomat.com/learn/glossary/federal-reserve-act"
---

[New](https://modeldiplomat.com/)

#

Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Federal Reserve Act of 1913 is the U.
- S.
- When and by whom was the Federal Reserve Act enacted?
- Why was the Federal Reserve System designed with twelve regional banks?
- What is the Fed's 'dual mandate' and where is it codified?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

The Federal Reserve Act of 1913 is the U.S. statute that created the Federal Reserve System, the nation's central banking authority.

Go beyond the definition

## Research Federal Reserve Act like a delegate

Model Diplomat's AI drafts position papers, speeches, and country research with real sources — built for MUN and politics students.

## Research it like a delegate

Research on modeldiplomat.com

## Ask a follow-up about Federal Reserve Act

Open a cited briefing in Model Diplomat search — timelines, positions, and sources you can use in committee or exam answers.

[Start research on Federal Reserve Act](https://modeldiplomat.com/search?q=Explain%20Federal%20Reserve%20Act%20%E2%80%94%20key%20dates%2C%20actors%2C%20positions%2C%20and%20sources)

Example

President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913, establishing the twelve regional Reserve Banks and ending decades of debate over a permanent U.S. central bank.

Keep learning

## Go deeper than the definition

Lessons

[Industrialization The Progressive Era](https://modeldiplomat.com/learn/lessons/fsot-us-history-industrialization-the-progressive-era)

Courses

[Fsot Us History](https://modeldiplomat.com/learn/courses/fsot-us-history)

[Explore all Civil Service & Diplomatic Exams lessons](https://modeldiplomat.com/learn/civil-services)[Test yourself with a quiz](https://modeldiplomat.com/learn/glossary/quiz/civil-services)

## Take Federal Reserve Act beyond the glossary

Ask the AI research engine built for diplomacy — get briefings, position papers, and speeches with sources you can cite in committee.