Answer:
Woodrow Wilson established the Federal Reserve to secure the US banking system.
Step-by-step explanation:
The Federal Reserve is the US central bank. The system consists of twelve Federal Reserve Banks and a politically appointed management. The top tier of the system is the Board of Governors located in Washington D.C. This board is appointed by the President of the United States and approved by the Senate. Under the board comes the Federal Open Market Committee, which has the main responsibility for the country's monetary policy. This committee consists of the Board of Governors and the chairmen of five of the twelve Federal Reserve Banks. Among these are the twelve banks, which largely handle the practical tasks of the central bank system.
The Federal Reserve System was created by President Woodrow Wilson through the Federal Reserve Act in 1913, in conjunction with Congress Representative Carter Glass and Senator Robert L. Owen. The United States had then gone many years without a central bank, but various banking crises had led to demands that the banking system had to be regulated and supported by a central bank.