Answer:
In early 1900's bank reformers wanted a federal system to regulate credit and control the country's currency. Under this context President Woodrow Wilson promoted the Federal Reserve Act of 1913.
The purpose of this agency was to have the regional banks controlled by the this new agency named the Federal Reserve Board. The members were appointed by the president. This agency did oversight of topics like interest rate adjustments and the country's money supply.
Step-by-step explanation:
President Wilson created the Federal Reserve Board, an agency in charge of doing oversight of adjusting interest rates and guaranteeing economic stability by authorizing the issuing of currency based on real government securities.
BONUS: President Wilson also created the League of Nations after World War I. This organization later was replaced by the United Nations, which was created after the end of World War II.