Rothbard, Murray (2002). A History of Money and Banking in the United States: The Colonial Era to World War II(PDF). Auburn, Alabama: Ludwig von Mises Institute. էջեր 36–37. ISBN0-945466-33-1. Վերցված է 2014 թ․ փետրվարի 20-ին. «Just before the founding of the Federal Reserve, the nation was plagued with financial crises. At times, these crises led to 'panics', in which people raced to their banks to withdraw their deposits. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act. Initially created to address these banking panics, the Federal Reserve is now charged with a number of broader responsibilities, including fostering a sound banking system and a healthy economy.»
