The FED was created to assist banks with their financial problems. If a bank were to run out of money, they can get some reserve money from the FED in order to stay in business. This process prevents more runs on the bank and depressions. When the FED was created, it was created in secrecy. This is because people don't like the government making new laws and rules and using our tax dollars to help banks stay in business. The 'higher-ups' knew that many wouldn't see the full picture of the FED until it was already in action, so they used a lots of secrecy.
Chapter 13 Curiosities
Federal Reserve
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