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Federal Reserve Board of Governors

The Federal Reserve and the Financial Crisis
Chairman Bernanke's College Lecture Series

Origins and Mission of the Federal Reserve

In the first lecture, the Chairman explains what central banks do, the origin of central banking in the United States, and the early experience of the Federal Reserve in dealing with a serious financial crisis: the Great Depression.

Lecture Materials

Origins and Mission of the Federal Reserve presentation (PDF) | Accessible Version

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Last update: August 2, 2013