n order to provide security for bank customers and oversight of U.S. banks, Wilson supported the creation of the __________.

In order to provide security for bank customers and oversight of U.S. banks, Wilson supported the creation of the Federal Reserve System.

Extra: The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," was established on December 23, 1913, with the signing of the Federal Reserve Act by President Woodrow Wilson. The main purpose of the Federal Reserve System is to serve as the central bank for the United States, which entails several key responsibilities:

1. Regulating and supervising banks: The Federal Reserve oversees and regulates the U.S. banking system to ensure the stability and safety of the nation's banks and financial institutions.

2. Conducting monetary policy: The Fed manages the country's monetary policy by influencing money and credit conditions, with the aims of full employment, stable prices, and moderate long-term interest rates.

3. Maintaining financial stability: It works to prevent and address systemic risks to the financial system.

4. Providing banking services: The Federal Reserve serves as a bank for other banks and for the federal government; it processes checks and electronic payments, and manages the distribution of cash and coin.

5. Promoting consumer protection and community development: It ensures that consumer protection laws are followed and also supports policies that promote economic stability and growth in communities across the country.

The Federal Reserve's unique structure includes a federal government agency in Washington, D.C. (the Board of Governors), and twelve regional Federal Reserve Banks located throughout the country, which allows it to address the economic needs of different regions. The system is designed to provide a safe, flexible, and stable monetary and financial system for the United States.