Handbook of Texas Online, Martin Donell Kohout, Clint, TX, accessed August 18, 2016, http://www.tshaonline.org/handbook/online/articles/hjc13. Uploaded on June 12, 2010. Published by the Texas State Historical Association.
One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910.
Based in Washington, D.C., the Fed is the bank of the U.S. government and regulates the nation's financial institutions. It's comprised of a network of 12 Federal Reserve Banks and a number of branches.This is all overseen by the Fed's Board of Governors, which we'll detail a little later.nder the Federal Reserve System, the United States is divided into 12 districts. Each district has an actual bank, called a reserve bank, serving it. But it's not the type of bank where the average citizen deposits money. Rather, it hold the funds of the Fed, which we'll describe below.