Study of the Hegemony of Parasitism - michaeljgoodnight.com

Indian agent who knew little about finance, was easily
persuaded by Paul Warburg's doctrinaire
pronunciamentos about "our antiquated banking
system", which must be brought up to par with the more
modern banking system of Europe.
THE FEDERAL RESERVE BANK OF NEW YORK
After the Federal Reserve Act had been passed by
Congress and signed into law by President Woodrow
Wilson, six New York banks controlled by the Morgan-
Standard Oil group bought controlling interest of the
Federal Reserve Bank of New York, which they have
held ever since. The May 19, 1914 organization chart of
the Federal Reserve Bank of New York shows that of the
203,053 shares issued:
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National City Bank took 30,000 shares
the Morgan-Baker First National Bank took 15,000 shares
The National Bank of Commerce (of which Paul Warburg was a large
shareholder) took 21,000 shares
Hanover Bank (now Manufacturers Hanover, of which Lord
Rothschild is a director) took 10,200 shares
Chase National Bank took 6000 shares
Chemical Bank took 6000 shares
These six banks in 1914 owned 40% of the stock of the
Federal Reserve Bank of New York.
[National City and First National] merged into the present
Citibank in 1955, giving them one-fourth of the shares in
the Federal Reserve Bank of New York. The $134 billion
Citicorp is now the largest bank in the U.S.