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422                    <div class="col-12"><h2>The Federal Reserve&#39;s History</h2></div>
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425                                    <img src="/-/media/Project/FedHistory/FedHistory/Images/structurefrs_bog_1981_wh.png?h=300&amp;iar=0&amp;w=300&amp;hash=C683E724FFECAA01C0117EA6925A37FF" class="img-fluid" alt="Stylized text block reading The Federal Reserve System" width="300" height="300" style=" display: flex; flex: 1 1 70%; align-items: flex-start;" />
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428                            <p>Begin learning about the Federal Reserve's history in <a href="/essays/federal-reserve-history">this overview essay</a></p>
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439                        <h2><a href="/essays/automated-clearing-house">Featured Essay</a></h2>
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441                        <p>The Federal Reserve began operating an ACH electronic payment system in the 1970s</p>
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454                        <p>The Federal Reserve began operating an ACH electronic payment system in the 1970s</p>
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471                            <a href="/historian-corner">History and Policy</a>
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476                            <p>&nbsp;Learn about the history behind Federal Reserve policy efforts.</p>
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487                            <a href="/topics">Explore Fed History by Topic</a>
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492Browse essays by theme.</p>
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504                        <h2>What's New</h2>
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507                            <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>
508                        
509                            <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>
510                        
511                            <p><a href="/essays/money-market-mutual-funds">A new essay describes money market mutual funds and their importance in short-term markets </a>(2025-12-12)</p>
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