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444                    <div class="col-12"><h2>The Federal Reserve&#39;s History</h2></div>
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463                        <p>The Federal Reserve began operating an ACH electronic payment system in the 1970s</p>
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476                        <p>The Federal Reserve began operating an ACH electronic payment system in the 1970s</p>
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493                            <a href="/historian-corner">History and Policy</a>
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498                            <p>&nbsp;Learn about the history behind Federal Reserve policy efforts.</p>
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509                            <a href="/topics">Explore Fed History by Topic</a>
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529                            <p><a href="/essays/penn-central">A new essay explores the Penn Central commercial paper crisis of 1970 and the Fed&#39;s response </a>(2026-09-24)</p>
530                        
531                            <p><a href="/essays/fomc-executive-committee">New: An essay on the FOMC&#39;s Executive Committee, a smaller decisionmaking committee active from 1933 to 1955 </a>(2026-08-14)</p>
532                        
533                            <p><a href="/essays/federal-reserve-building-tax-dispute">Our newest essay explores the Federal Reserve building tax dispute of 1939-1941 </a>(2026-07-06)</p>
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