Right to Keep and Bear Arms
Freedom of Speech, Religion and Press
Declaration of Independence - 1776
The Constitution for the United States, Its Sources and Its Application
Undermining The Constitution - A History of Lawless Government
Our Enemy, The State

Secrets of the Federal Reserve
by Eustace Mullins
From Web Archive Sources

ADDENDUM

As of 11:05 Tuesday, July 26, 1983, the list of member banks holding Federal Reserve Bank of New York stock includes twenty-seven New York City banks. Listed below are the number of shares held by ten of these banks, amounting to 66% of the total outstanding number of shares, namely 7,005,700:

 SharesPercent
Bankers Trust Company438,831( 6%)
Bank of New York141,482( 2%)
Chase Manhattan Bank1,011,862(14%)
Chemical Bank544,962( 8%)
Citibank1,090,813(15%)
European American Bank & Trust127,800( 2%)
J. Henry Schroder Bank & Trust37,493( .5%)
Manufacturers Hanover509,852( 7%)
Morgan Guaranty Trust655,443( 9%)
National Bank of North America105,600( 2%)

The tremendous number of shares held today as against the original purchases in 1914 is brought about by Section 5 of the original Federal Reserve Act which called for a member bank to buy and hold stock in the district Federal Reserve Bank equal to 6% of its capital and surplus.

Currently, shares held by five of the above named banks comprise 53% of the total Federal Reserve Bank of New York stock. An examination of the major stockholders of the New York City banks shows clearly that a few families, related by blood marriage, or business interests, still control the New York City banks which, in turn, hold the controlling stock of the Federal Reserve Bank of New York.

It is notable that three of the banks holding Federal Reserve Bank of New York stock, in the amount of 270,893 shares, are subsidiaries of foreign banks. J. Henry Schroder Bank and Trust is listed by Standard and Poors as a subsidiary of Schroders Ltd. of London. The National Bank of North America is a subsidiary of the National Westminster Bank, one of London’s "Big Five". European American Bank is a subsidiary of the European American Bank, Bahamas, LTD. It is interesting to note that the directors of the European American Bank & Trust include Milton F. Rosenthal, president and Chief Operating Officer of the international gold company, Engelhard Minerals and Chemical; Hamilton F. Potter, a partner in Sullivan and Cromwell (J. Henry Schroder Bank & Trust attorneys); Edward H. Tuck, partner of Shearman and Sterling (Citibank’s attorneys); F.H. Ulrich and Hans Liebkutsch, managing directors of the giant Midland Bank of London, one of the "Big Five"; and Roger Alloo, Paul-Emmanuel Janssen, and Maurice Laure of the Societe Generale de Banque (Brussels, Belgium). [See Chart III]

This information, derived from the latest issue of the tabulation available from the Board of Governors, Federal Reserve System, is cited as current evidence which indicates that the controlling stock in the Federal Reserve Bank of New York, which sets the rate and scale of operations for the entire Federal Reserve System is heavily influenced by banks directly controlled by "The London Connection", that is, the Rothschild-controlled Bank of England. [See Chart I]

Previous   Next

This HTML Edition of "Secrets of the Federal Reserve" by Eustace Mullins, as controversial as it may seem to some, is placed on the web as a valid and well researched viewpoint of the history of U.S. and World Banking manipulations, and to keep it from disappearing,.

Reproduction of all or any parts of the above text may be used for general information.
This HTML presentation is copyright by Barefoot, 2006

Mirroring is not Netiquette without the Express Permission of Barefoot

Defending The US Constitution
Click for Barefoot's wish for you this day.
Visit Barefoot's World and Educate Yo'Self
Email Barefoot
On the Web March 4, 2006

Three mighty important things, Pardn'r, LOVE And PEACE and FREEDOM