Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System

Established by a three person committee in 1914, the structure of the Federal Reserve System has remained essentially unchanged ever since, despite criticism at the time and over ensuing decades. With Congress now considering reforms to the System, this paper examines the original selection of

联邦储备系统（Federal Reserve System）的架构于1914年由三人委员会确立，尽管在彼时及随后数十年间屡遭批评，但其整体架构自此之后始终未发生实质性变动。当前美国国会正考虑对该系统进行改革，本文将对其最初的遴选工作展开考察。