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Who Owns the Federal Reserve Bank?

Contrary to what one might expect, the Federal Reserve Bank is not owned by the US government nor is it part of the US government. The Federal Reserve Bank is a privately owned corporation. The ten primary shareholders are:

1. The Rothschild family- London
2. The Rothschild family- Berlin
3. The Lazard Brothers- Paris
4. Israel Seiff (ITA)
5. Kuhn-Loeb Company- Germany (founded by Paul Warburg)
6. The Warburgs- Amsterdam
7. The Warburgs- Hamburg
8. Lehman Brothers- New York
9. Goldman & Sachs- New York.
10. The Rockefeller family- New York

The idea of a Federal Reserve Bank for the United States was conceived at a meeting on Jekyl Island in 1910. This meeting was attended by Paul Warburg (a German banker), Senator Nelson Aldrich (father-in-law of John D Rockefeller), and other bankers, all of whom were emissaries of Baron Alfred Rothschild who commissioned them to create a Central Bank modeled after the Reichsbank, the Bank of England, and the Bank of France, all of which were controlled by the House of Rothschild.

Meyer Rothschild: "Let me issue and control a nation's money, and I care not who writes its laws."

The Federal Reserve system is composed of three main bodies. The Board of Governors is an agency of the US government. There are seven members including a chairman, all of whom serve 14-year terms. Each is appointed by the President and confirmed by the US Senate.

There are twelve regional banks, located in New York, Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, Philadelphia, Richmond, Saint Louis, and San Francisco. These are private banks and are not agencies of the US government.

Commercial banks are members of a regional Federal Reserve Bank and are required to hold stock in their regional FRB. Commercial banks are also required to hold their "reserves" in their regional FRB against which they then can make loans. The regional FRB's act as clearing houses for checks deposited in commercial banks.

Last Updated: 23 Mar 2005