The Federal Reserve is the central bank of the United States, consisting of the Federal Reserve in Washington and 12 Federal Reserve Banks in various regions of the United States.

Although the core governing body of the Federal Reserve is the Federal Reserve Board of the United States, it has the most important voice and decision-making power within the Federal Reserve, that is, the actual controller of the Federal Reserve is the Federal Reserve Bank of New York.

Although the Federal Reserve Bank of New York is only one of the 12 regional Federal Reserve banks in the United States, it is completely different from the other 11 regional banks in the United States, and its position within the Federal Reserve Bank is much higher than that of the other 11 Federal Reserve Banks.

This is because the Federal Reserve's Bank of New York is located in New York, the financial center of the United States, and is responsible for directly implementing the monetary policy of the central government, conducting a large number of foreign exchange transactions, and managing the vast majority of the debt of the U.S. Treasury.

Moreover, the president of the Federal Reserve's Bank of New York is a life member and vice chairman of the Federal Open Market Committee, which is responsible for setting interest rates for the most important factor in monetary policy.

So the Fed's Bank of New York actually performs more than 80% of the Fed's functions, and the other 11 Federal Reserve Banks are subordinate to the Fed's New York Bank.

It is no exaggeration to say that within the Fed, the president of the Federal Reserve Bank of New York has almost overthrown the chairman of the Federal Reserve, and his real power is no less than that of the well-known chairman of the Federal Reserve, and the chairman of the Federal Reserve is more like the mouthpiece of the president of the Federal Reserve Bank of New York!

So in a big sense, whoever controls the Federal Reserve's Bank of New York means who really controls the entire Federal Reserve.

However, unlike the chairman of the Federal Reserve, who is nominated for the presidency of the United States and appointed by the U.S. Congress, the president of the Federal Reserve Bank of New York does not need to be elected by the United States**, but is elected by the majority shareholders of the Federal Reserve Bank of New York.

Speaking of which, a little combing can be found that looking at the institutional design of the Federal Reserve, the United States achieves the goal of controlling the entire Federal Reserve by controlling the election of the chairman of the Federal Reserve, and on the surface, the Federal Reserve belongs to the United States.

But in reality, this is not the case at all. The real de facto ruler within the Fed is the president of the Federal Reserve Bank of New York, and the chairman of the Federal Reserve is nothing more than a mouthpiece and mascot for the president of the Federal Reserve Bank of New York!

And the president of the Federal Reserve Bank of New York is elected by the major shareholders of the Federal Reserve Bank of New York, so in fact, it is not the United States that really controls the Federal Reserve, but the major shareholders of the Federal Reserve Bank of New York, that is, those big bankers!

Seeing this, some people can't help but ask, how can the world-famous Federal Reserve have such a big system loophole, and don't shrewd Americans find that the Fed has long been out of the hands of the American state?

It's not that they didn't find it, but they couldn't do it!

You must know that the establishment of the Federal Reserve was not smooth sailing, but experienced a century-long power struggle and game process, and the existing Federal Reserve system design is the ultimate consequence of that power game.

Readers who are interested in the power game of the establishment of the Federal Reserve can read the first volume of Song Hongbing's "Currency War", and you can get a glimpse of the extremely wonderful war without gunpowder smoke back then, and I will not repeat it here.

Now let's talk about whose hands the Fed is in.

As mentioned in detail earlier, in reality, it is the major shareholders of the Federal Reserve Bank of New York who really hold the power of the Federal Reserve, so who are the major shareholders of the Federal Reserve Bank of New York?

According to documents filed with the Federal Office of the Comptroller of New York on May 19, 1914, when the Federal Reserve Bank of New York was first established, the total number of shares issued by the Federal Reserve Bank of New York at that time was 203053 shares, of which:

The largest shareholder of the Federal Reserve's Bank of New York is the National City Bank of New York, with a total of 30,000 shares, and the third largest shareholder is the First National Bank of the United States, with a total of 15,000 shares.

However, in 1955, the National City Bank of New York merged with the First National Bank of the United States to form the giant Citibank, so Citibank owned nearly one-quarter of the Federal Reserve's Bank of New York.

In addition to Citibank, there are four other big banks that hold large stakes in the Federal Reserve's Bank of New York.

Among them, the National Commercial Bank of New York owns 21,000 shares of the Federal Reserve Bank of New York, the Bank of Hannover has 10,200 shares, JPMorgan Chase Bank owns 6,000 shares, and the Bank of China owns 6,000 shares.

Together, the five banks held 40 percent of the Fed's New York bank, and by 1983, when the Fed's New York shares were adjusted, the five major banks owned a combined 53 percent of the Fed's New York bank.

Among them: Citibank 15%, Chase Manhattan 14%, JPMorgan Trust 9%, Hannover Bank 7%, Sinichua Bank 8%.

In other words, by 1983 the five big banks held more than half of the shares of the Federal Reserve's Bank of New York, and they became the largest shareholders of the Federal Reserve Bank of New York, and indeed the entire Federal Reserve!

However, looking at the five major banks mentioned above, although the Rothschilds can only be found among the directors of the Hannover Bank, the other banks have little to do with the Rothschilds.

So on the surface, it seems that the Rothschilds have little to do with the five big banks mentioned above, or even the Federal Reserve as a whole.

However, all this is due to the unique national conditions and specific historical reasons of the United States, but this fully demonstrates the wisdom of the Rothschilds.

Because since the founding of the United States, it was when the Rothschilds bought out the central banks of various countries and dominated the global economy.

The shrewd founding fathers of the United States feared that the Rothschilds would manipulate the United States in the same way that they manipulated the central banks of Britain, France, Germany, and other European countries, and then controlled the economies and finances of those countries.

Therefore, the founding fathers of the United States have always been very jealous of the Rothschilds, and in order to prevent the American economy from being controlled by the Rothschilds, the founding fathers of the United States resolutely oppose the establishment of a central bank system in the United States.

In order to alleviate the Yankees' worries about the Rothschilds' control of the US economy, this time the Rothschilds adopted a "roundabout" strategy and played a high-level trick.

On the one hand, the Rothschilds used the big bankers in the United States to win over the support of American politicians by sponsoring election funds, and launched a protracted power struggle and political game with American politicians who opposed them.

In the end, the Rothschilds designed a central banking system for the United States that was most beneficial to them, that is, the Federal Reserve system, and used coaxing to get the U.S. Congress to approve this central banking arrangement.