Carter Glass

Carter Glass (1858-1946), American congressman and senator, who was responsible for major banking reforms. From Virginia, he served in the U.S. House of Representatives from 1902 to 1918 and, as chairman of the House Committee on Banking and Currency, was the chief author of the Federal Reserve Act in 1913. In 1918 he became secretary of the treasury in the cabinet of President Woodrow Wilson. Two years later Glass resigned the secretaryship to fill a vacancy in the U.S. Senate. He was elected senator in 1924 and was subsequently reelected three times. He was cosponsor of the Banking Act of 1933, which established the Federal Deposit Insurance Corporation.