Updated List of the Private Ownership of the Federal Reserve Banks

The individuals listed below owned banks, which in turn owned shares of stock in the Federal Reserve System (FED). The banks listed below have significant control over the New York FED district which controls the other 11 FED districts. These banks are partly foreign-owned and control the New York FED District Bank. First National Bank of New York James Stillman National City Bank, New York Mary W. Harnman National Bank of Commerce, New York A. D. Jiullard Hanover National Bank, New York Jacob Schiff Chase National Bank, New York Thomas P. Ryan Paul Warburg William Rockefeller Levi P. Morton M. T. Pyne George F. Baker Percy Pyne Mrs. G. F. St. George J. W. Sterling Katherine St. George H. P. Davidson J. P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P.92,93,96,179)

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather of the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3,4,5).

When elected, Wilson passed the FED. Later Wilson remorsefully replied (referring to the FED), "I have unwillingly ruined my country" (Reference 17, P.31).

Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected (Reference 1, P.208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends (nickname T&T club) with lucrative salaries (Reference 1, P. 209). Additionally, the FED started buying up the media in the 1930's and now owns or significantly influences most of it (Reference 3,10,11, Reference 1, P. 145)

President Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers usury (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1993, taxpayers paid the FED banking system $286 Billion in usury on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265). Forty percent of our federal income taxes pay this usury. The FED's books are not open to the public. Congress has yet to audit it.

Congressman Wright Patman was Chairman of the House Committee on Banking and currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. Congressman Henry Gonzalez, a Chairman of the House Banking Committee, introduced legislation to repeal the FED Banking Act of 1913 nearly every year.

It's always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163)

The FED fears the population will become aware of this swindle and demand change. We, the people, are at fault for being passive and allowing this deception to continue.


The Index on the Federal Reserve System

Read the UWSA National Task Force's Federal Reserve Report