Fed Launches Site Marking 100 Years of History

WASHINGTON — The Federal Reserve on Friday launched an interactive Web site marking of its 100th anniversary since the U.S. central bank was created by President Woodrow Wilson.

The Web site is filled with more than 200 biographies, images and essays of major events of the Fed's history since 1913.

"Looking back at our historical experience provides important insights to economists, historians, and policymakers about how the Fed can best meet its objectives, today and in the future, to promote a healthy economy and stable financial system," said Federal Reserve Board Chairman Ben Bernanke, in a press release.

The Web site will be updated over time with additional content and features. It's part of a broader effort by the Fed to mark its anniversary year of the centennial.

"By sharing information about our history and the lessons learned, we can make it easier for the public to learn more about who we are and what we do at the Fed," said Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, who served as the chairman of the central bank's Centennial Sponsoring Committee.