Chapter 32 8. Who owns the Federal Reserve?

Who owns the Fed has been a closely guarded topic for many years.The Fed itself has always been hesitant.Like the Bank of England, the Fed keeps secrets about its shareholders.Congressman Wright.Patman served as chairman of the House Banking and Currency Committee for forty years, and in two of those years, he repeatedly proposed to abolish the Federal Reserve. He has also been trying to find out who owns the Fed. This secret was finally discovered. After nearly half a century of research, Eustace, the author of the book Secrets of the Federal Reserve, finally obtained the original business licenses of the twelve Federal Reserve Banks, which clearly recorded the shares of each Federal Reserve Bank. constitute.

The Federal Reserve Bank of New York is the actual controller of the Federal Reserve system. In its filing with the Comptroller of the Currency on May 19, 1914, it recorded a total of 203,053 shares issued, of which : The City National Bank of New York, the predecessor of Citibank, controlled by Rockefeller and Coon Rayper, has the most shares, holding 30,000 shares; JP Morgan's First National Bank has 15,000 shares. When the two companies merged in 1955 to form Citibank, which owned nearly a quarter of the Federal Reserve Bank of New York, it effectively determined the nominees for the chairman of the Federal Reserve. The appointment of the President of the United States was only a rubber stamp. That's all, and the congressional hearings are more like a formality show.

Paul.Warburg's National Bank of New York owned 21,000 shares, Hanover Bank, of which the Rothschilds were directors, 10,200 shares, Chase Bank 6,000 shares, and Hanover Bank 6,000 shares. Together, these six banks owned 40% of the shares of the Federal Reserve Bank of New York, and by 1983 they owned a total of 53%.After adjustment, their shareholding ratio is: Citibank 19%, Chase Manhattan 14%, Morgan Trust 9%, Hannover Manufacturing 7%, Hanover Bank 8%. The registered capital of the Federal Reserve Bank of New York is US$143 million. Whether the above-mentioned banks paid this money is still a mystery.Some historians think they paid half cash, others think they didn't send any cash at all, but just paid by check, with only a few figure changes in their own account at the Federal Reserve That's all, the operation of the Federal Reserve is actually to issue paper with paper as collateral.No wonder some historians ridicule the Federal Reserve Banking System as neither a federation, nor a reserve, nor a bank.

On June 15, 1978, the Governmental Affairs Committee of the U.S. Senate released a report on the interlocking interests of major U.S. companies. The report showed that the above-mentioned banks owned 470 out of 130 major U.S. companies. Ten director positions, an average of three in each major company.Six directorships belong to bankers. Among them, Citibank controls 97 director seats, JP Morgan controls 99, Hanover Bank controls 96, Chase Manhattan controls 89, Hannover Manufacturing controls 89 . On September 3, 1914, the New York Times published the share composition of the major banks at the time of the Federal Reserve's sale:

The City National Bank of New York issued 250,000 shares, James.Stillman owns 47,498 shares, JP Morgan 14,500 shares, William.Rockefeller 10,000 shares, John.Rockefeller 1,750 shares. The National Bank of New York issued 250,000 shares, George.Baker owns 10,000 shares, JP Morgan 7,800 shares, Mary.Harriman five thousand six hundred and fifty shares, Paul.Warburg three thousand shares, Jacob.Scheff a thousand shares, JP Morgan Jr. a thousand shares. Chase Bank, George.Baker owned 13,408 shares. Hannover Bank, James.Stillman owns 4,000 shares, William.Rockefeller 1,540 shares. Since the establishment of the Federal Reserve in 1913, irrefutable facts have shown that bankers manipulate the financial lifeline, business lifeline and political lifeline of the United States.And these Wall Street bankers have maintained close ties with the Rothschild family in the City of London.

Bankers Trust Company President Benjamin.Strong was elected as the first Chairman of the Board of Directors of the Federal Reserve Bank of New York.Under Strong's control, the Federal Reserve System was interlocked with the Bank of England and the Bank of France.Benjamin.Strong served as a director of the Federal Reserve Bank of New York until his sudden death in 1928, at a time when Congress was investigating secret meetings between Fed directors and European Central Bank titans that led to the Great Recession of 1929.