Federal Reserve – Time Rewind

On This Day April 13

Click each item below to learn more!

On This Day March 6

Click each item below to learn more!

Celebrity Birthdays

1475 – Michelangelo, the greatest of the Italian Renaissance artists

1906 – Actor-comedian Lou Costello of the comedic duo, Abbott & Costello (d. 1959)

1923 – TV host Ed McMahon (“The Tonight Show Starring Johnny Carson,” “Star Search”) (d. 2009)

1926 – Economist and former Federal Reserve Chairman Alan Greenspan

1927 – Astronaut Gordon Cooper, who piloted the sixth and last flight of NASA’s Mercury program and later commanded Gemini 5 (d. 2004)

1946 – Guitarist-vocalist David Gilmour of the rock band Pink Floyd

1947 – Director-producer-actor Rob Reiner, who garnered Emmys playing Michael ‘Meathead’ Stivic in the 1970s sitcom “All in the Family,” and directed box office bonanzas including”Stand By Me,” “The Princess Bride,” “When Harry Met Sally” and “A Few Good Men”

1959 – Actor-comedian Tom Arnold (“True Lies,” “Nine Months,” “The Stupids,” “McHale’s Navy,” “The Best Damn Sports Show Period”)

1972 – Retired NBA star and actor-rapper Shaquille “Shaq” O’Neal

History Highlights

1836 – The Battle of the Alamo comes to a bloody end, capping off a pivotal moment in the Texas Revolution. Mexican forces successfully recapture the garrison after a 13-day siege, and nearly all of the roughly 200 Alamo defenders — including legendary frontiersman Davy Crockett — are killed.

1899 – Acetylsalicylic acid, better known as aspirin, is trademarked by the German pharmaceutical company Bayer. Designed to relieve pain and fever, it becomes the most common drug found in household medicine cabinets.

1930 – Industrialist and inventor Clarence Birdseye brings the food industry into the modern era as he introduces consumers to pre-packaged, frozen foods — still available in supermarkets today.

1933 – President Franklin D. Roosevelt declares a national “bank holiday,” closing all U.S. banks and freezing all financial transactions in an effort to salvage the faltering banking system during the Great Depression. The banks reopen a week later with depositors standing in lines to return their hoarded cash.

1981 – An estimated 17 million American viewers watch as anchor Walter Cronkite says, “And that’s the way it is” for the final time as he signs off the “CBS Evening News.” Considered “the most trusted man in America,” Cronkite retires after more than 30 years in broadcasting and is succeeded by Dan Rather.

1986 – Georgia O’Keeffe, the artist who gained worldwide fame for her austere minimalist paintings of the American southwest, dies in Santa Fe, New Mexico at the age of 98.

Musical Milestones

1965 – The Temptations claim the No. 1 spot on the Billboard Hot 100 with “My Girl,” the first of four chart-toppers the Motown legends produced during their career.

1971 – “One Bad Apple” by The Osmonds is midway through a five-week ride on top of the singles chart.

1976 – “Love Machine (Part 1),” by The Miracles (without Smokey Robinson), is the No. 1 single.

1982 – The J. Geils Band is in the middle of a six-week run on top of the Billboard Hot 100 with “Centerfold.”

1988 – George Michael wraps up a two-week run at No. 1 on the pop chart with “Father Figure,” from his Grammy-winning debut solo album, “Faith.”

1993 – The Peabo Bryson-Regina Belle duet, “A Whole New World,” tops the singles chart. The song, written by Alan Menken and Tim Rice, comes from Disney’s 1992 animated feature, “Aladdin.”

1999 – “Angel of Mine,” by Monica begins its fourth and final week on top of the pop chart.

2004 – “Yeah!”, by Usher featuring Lil Jon and Ludacris, rules the Billboard Hot 100 and holds the top spot for 12 weeks, becoming the longest-running No. 1 single of 2004.

On This Day December 23

Click each item below to learn more!

Celebrity Birthdays

1943 – Emmy-winning actor Harry Shearer, the voice talent behind several characters on “The Simpsons”

1946 – Emmy-winning actress Susan Lucci, best known as Erica Kane on the ABC soap “All My Children”

1949 – Guitarist and singer-songwriter Adrian Belew

1964 – Pearl Jam frontman Eddie Vedder

1971 – Actor and 1980s teen idol Corey Haim (“Lucas,” “Silver Bullet,” “Murphy’s Romance,” “The Lost Boys,” “License to Drive,” “Dream a Little Dream”) (d. 2010)

History Highlights

1783 – Following the signing of the Treaty of Paris, General George Washington resigns as commander in chief of the Continental Army and retires to his home at Mount Vernon, Virginia.

1888 – Dutch painter Vincent van Gogh, suffering from severe depression, uses a razor to sever part of his left ear. He later documents the event in a painting titled “Self-Portrait with Bandaged Ear.” Over years, however, a variety of new theories have emerged about this incident.

1913 – U.S. President Woodrow Wilson signs the Federal Reserve Act into law establishing the Federal Reserve (The Fed), which continues to serve as the nation’s central banking system today and is responsible for executing monetary policy.

1947 – John Bardeen, Walter Brattain and William Shockley with Bell Laboratories unveil their invention of the transistor, which revolutionizes communications and electronics.

1968 – The crew and captain of the American intelligence gathering ship USS Pueblo are released after 11 months imprisonment by the North Korean government.

1986 – Dick Rutan and Jeana Yeager complete the first non-stop flight around the world without refueling. They set a new world record of 216 hours of continuous flying in the experimental aircraft Voyager.

1993 – The movie “Philadelphia,” starring Tom Hanks and Denzel Washington, and directed by Jonathan Demme, opens in U.S. theaters. It is the first major Hollywood film to address the HIV/AIDS crisis and garners Hanks a Best Actor Oscar and Bruce Springsteen a Best Original Song Oscar for his track, “Streets of Philadelphia.”

Musical Milestones

1957 – “You Send Me” sends Sam Cooke to the top of the Billboard Top 100 (what the singles chart was called before becoming the Hot 100) for two weeks.

1967 – “Magical Mystery Tour,” by The Beatles, hits the U.S. album chart, introducing fans to such classic tracks as “Hello, Goodbye,” “All You Need is Love” and “Penny Lane.”

1967 – The Monkees begin their fourth and final week as chart-toppers with “Daydream Believer,” their last No. 1 hit in the U.S.

1977 – Folk singer-songwriter Cat Stevens, known for hits like “Wild World,” “Moonshadow,” “Peace Train” and “Morning Has Broken,” formally changes his name to Yusef Islam.

1989 – “Another Day in Paradise” by Phil Collins reaches the top of the Billboard Hot 100 and holds there for four weeks, becoming the last No. 1 single of the 80s and first of the 90s. The track also goes on to capture a Record of the Year Grammy Award.

1995 – The Mariah Carey-Boyz II Men duet “One Sweet Day” begins its fourth week on top of the Billboard Hot 100. It remains a chart-topper for 16 weeks.

2000 – Destiny’s Child holds at No. 1 on the Billboard Hot 100 with “Independent Women Part I,” from the soundtrack to the 2000 “Charlie’s Angels” movie starring Cameron Diaz, Drew Barrymore and Luci Liu.

2006 – “Irreplaceable,” by Beyoncé, is in the second of its 10-week ride atop the singles chart, making it the final hit of 2006 and the first of 2007.

On this Day July 14

Click each item below to learn more!

Celebrity Birthdays

1904 – Nobel Prize-winning novelist and short story writer Isaac Bashevis Singer (“The Family Moskat,” “Gimpel, The Fool”) (d. 1991)

1912 – American folk music icon Woody Guthrie (d. 1967)

1913 – Gerald Ford, 38th U.S. president (d. 2006)

1918 – Legendary film director Ingmar Bergman (d. 2007)

1926 – Actor Harry Dean Stanton (“Cool Hand Luke,” “Paris, Texas,” “Repo Man,” “Wild at Heart,” “The Green Mile,” “Big Love”) (d. 2017)

1930 – Emmy-winning actress-singer Polly Bergen (“The Helen Morgan Story,” “Cape Fear,” “The Caretakers”) (d. 2014)

1932 – Former New York Giants defensive lineman-turned-actor-turned-Christian minister Roosevelt “Rosey” Grier

1960 – Golden Globe and Emmy-winning actress Jane Lynch (“Best In Show,” “The 40-Year-Old Virgin,” “Glee”)

1966 – Actor Matthew Fox (“Lost,” “We Are Marshall,” “Vantage Point,” “Speed Racer”)

1988 – Irish mixed martial arts fighter and professional boxer Conor McGregor

History Highlights

1789 – French revolutionaries and mutinous troops storm and dismantle the Bastille, a royal fortress and prison that had come to symbolize the tyranny of the Bourbon monarchs. This dramatic action signals the beginning of the French Revolution. Today, it is observed as France’s national holiday of Bastille Day.

1881 – William H. Bonney, better known as the outlaw Billy the Kid, is shot and killed at the age of 21 by Sheriff Pat Garrett in Fort Sumner, New Mexico. The gunfighter, also known as Henry McCarty, had led authorities on a three-month manhunt after escaping from prison where he was awaiting execution on murder charges.

1955 – Already well-established for its Beetle, Volkswagen introduces the iconic, rear-engine Karmann-Ghia coupe in Europe. One year later, VW brings the vehicle to the U.S. auto market, and in 1958, rolls out a convertible model. The Karmann-Ghia remains in production through 1974.

1965 – Mariner 4 takes the first close-up photos of Mars. Its blurry views of craters and bare ground lead some scientists to believe that Mars has an environment that is similar to the moon.

1966 – One of the nation’s most notorious killers, Richard Speck, brutally murders eight student nurses at the home they share on Chicago’s South Side. Authorities conduct a manhunt and capture Speck two days later. He spends the rest of his life in prison until his death from a heart attack in 1991 at age 49.

1968 – Atlanta Braves slugger Henry “Hank” Aaron becomes the seventh major league player to achieve 500 career home runs when he knocks the ball out of the park during a 4-2 win over the San Francisco Giants.

1969 – The U.S. Treasury Department and the Federal Reserve officially remove the $500, $1,000, $5,000 and $10,000 bills from circulation.

2016 – A terrorist drives a truck at high speed down a crowded sidewalk in Nice, France during Bastille Day celebrations, killing 86 people, including 10 children. More than 300 other people are injured.

Musical Milestones

1962 – “Roses Are Red (My Love),” by Bobby Vinton, is the No. 1 single.

1973 – Phil Everly smashes his guitar during a concert in California, storms off the stage and announces the breakup of The Everly Brothers. The duo will go nearly 10 years before performing together again.

1973 – Billy Preston enjoys his second and final week on top of the Billboard Hot 100 with “Will It Go Round in Circles.” The track is the first of two No. 1 hits for the man who once performed with The Beatles.

1979 – Donna Summer scores her third No. 1 single with “Bad Girls” while the album of the same name begins a five-week run at No. 1.

1984 – “When Doves Cry,” by Prince, is in the midst of five weeks on top of the Billboard Hot 100. The track is from his “Purple Rain” album.

1990 – New Kids On The Block begin their third and final week on top of the singles chart with “Step By Step.”

2001 – Usher enters his second week on top of the singles chart with “U Remind Me.” The track holds the top spot for four weeks.

2012 – “Call Me Maybe,” by Carly Rae Jepsen, is midway through a nine-week ride atop the Billboard Hot 100.