The Federal Reserve System (Public Document)

FEDERAL RESERVE SYSTEM - The 12 Federal Reserve Banks with some 14,000 commercial member banks, trust companies and savings institutions, combined into a giant private corporation with the power to issue money, create deposits, control the Nation’s credit, and dominate the entire national economy – it holds the power of life and death over all business – every person in the Nation. RESERVE BOARD OF GOVERNORS - Seven persons appointed by the president and confirmed by the Senate, and serving 14 years. They supervise the operations of the 12 Reserve banks, have more power that Congress than the President, and make no report to any Governmental agency – not even to Congress or the President.