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To: Bearded One who wrote (3153)	11/15/1997 12:44:00 AM
From: John Barendrecht	Read Replies (2) \| Respond to of 116828

I am not sure of your question. I never mentioned the religious affiliation of any one and frankly, couldn't care less. One of the nicest bosses I had was Jewish. Goldman, Sach's is an investment bank headquartered in New York. gs.com On December 13, 1913 President Woodrow Wilson helped establish the Federal Reserve System (the U.S. central bank) with equity financing of $1 billion from private merchant banks. The Fed, with its 12 Federal Reserve Banks, would be run by a board of private merchant bankers and would have absolute powers to manipulate the U.S. money supply. The Fed is controlled by private banking interests (Class A board of directors) and by Presidential appointment (board of governors). Not one member is elected through the democratic process. The Fed is not a government entity, it is private.

To: Bearded One who wrote (3153)	11/15/1997 2:00:00 AM
From: John Barendrecht	Respond to of 116828

<<I didn't know that you could own a piece of the Federal Reserve Bank>> Every national bank in any State shall, upon commencing business or within ninety days after admission into the Union of the State in which it is located, become a member bank of the Federal Reserve System by subscribing and paying for stock in the Federal Reserve bank of its district law.cornell.edu./uscode/12/222.shtml 502. Liability of shareholders of Federal reserve banks on contracts, etc. The shareholders of every Federal reserve bank shall be held individually responsible equally and ratably, and not one for another, for all contracts, debts, and engagements of such bank to the extent of the amount of their subscriptions to such stock at the par value thereof in addition to the amount subscribed, whether such subscriptions have been paid up in whole or in part under the provisions of this chapter. law.cornell.edu./uscode/12/502.shtml The New York Fed and the other Reserve Banks, as the operating units of the nation's central bank, provide several important services to the Federal government and to depository institutions. As the banker for the Federal government, the Fed clears checks drawn on the Treasury's account. Acting as fiscal agents for the government, the Reserve Banks sell, service and redeem Treasury securities. Further, currency and coin are placed into or are withdrawn from circulation in response to seasonal and cyclical shifts in the public's need for cash. Almost all U.S. currency now consists of Federal Reserve notes, which were first issued in 1914. ny.frb.org About the Federal Reserve System Providing certain financial services to the U.S. government bog.frb.fed.us