The institution of the Fed , though , along with the Congressional commitment to reducing dependency on British and private banking is largely responsible for creating that maturity . In 1910 , and especially when the Fed became empowered to act as the true lender of last resort by Congress with amendments to the Federal Reserve Act in the early 1930 s , the United States took a monumental step toward economic stability by ending banking panics . Right up until the banks figures out how to circumvent those protections in the 2000 s with the conduitSIV . That change is really 95 % of the difference between mature and immature banking systems . <| sep |> Yup ! I also live 20 minutes away from Massdrop ' s warehouse which is helpful .