Report Of The Committee Of Conference Of The Two Houses Of Congress On The Bill H.r. 7837, To Provide For The Establishment Of Federal Reserve Banks, To Furnish An Elastic Currency, To Afford Means Of Rediscounting Commercial Paper, To Establish A

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This historic report lays out the case for the creation of a centralized banking system in the United States, which ultimately led to the establishment of the Federal Reserve System. Glass, a key figure in the drafting of the Federal Reserve Act, explains the need for a more flexible and stable banking system that can better meet the needs of a growing economy. This report is a fascinating window into the debates and negotiations that led to one of the most important economic reforms in American history.

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