The Federal Reserve has three primary functions: , ,

Board of Governors of the Federal Reserve System

The Secrets of the Federal Reserve

In fact, as July's Whistleblower documents, the Fed's new chairman, Ben Bernanke, that the Federal Reserve was responsible for the Great Depression. "We did it," Bernanke said, adding, "We're very sorry."

Secrets of the Federal ReserveCharts

He further commented that the day the Federal Reserve Act was passed, "the Constitution ceased to be the governing covenant of the American people, and our liberties were handed over to a small group of international bankers" (Ibid, p. 29).

Frequently asked questions about the Federal Reserve

From December 1912 to December 1913, the Glass-Willis proposal was hotly debated, molded and reshaped. By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise—a decentralized central bank that balanced the competing interests of private banks and populist sentiment.

Board of Governors of the Federal Reserve System

Unfortunately, Mullins' source for the stockholders of the New York Fed could not be verified. He claimed his source was the Federal Reserve Bulletin, although it has never included shareholder information, nor has any other Federal Reserve periodical. It is difficult researching this particular claim because a Federal Reserve Bank is not a publicly traded corporation and is therefore not required by the Securities and Exchange Commission to publish a list of its major shareholders. The question of ownership can still be addressed, however, by examining the legal rules for acquisition of such stock. The Federal Reserve Act requires national banks and participating state banks to purchase shares of their regional Federal Reserve Bank upon joining the System, thereby becoming "member banks" (12 USCA 282). Since the eight banks Mullins named all operate within the New York Federal Reserve district, and are all nationally chartered banks, they are required to be shareholders of the New York Federal Reserve Bank. They are also probably the major shareholders as Mullins claimed.

Who Owns the Federal Reserve Bank of New York?

Published in 1952 by Kasper and Horton, New York, the original book was the first nationally-circulated revelation of the secret meetings of the international bankers at Jekyll Island, Georgia, 1907-1910, at which place the draft of the Federal Reserve Act of 1913 was written.

Morgan), and theFederal Reserve Bank of Boston.

During the intervening years, the author continued to gather new and more startling information about the backgrounds of the people who direct the Federal Reserve policies. New information gathered over the years from hundreds of newspapers, periodicals, and books give corroborating insight into the connections of the international banking houses.*