In A Nutshell

American history in the twentieth century has recorded the amazing achievements of the Federal
Reserve bankers. First, the outbreak of World War I, which was made possible by the funds available
from the new central bank of the United States. Second, the Agricultural Depression of 1920. Third, the
Black Friday Crash on Wall Street of October, 1929 and the ensuing Great Depression. Fourth, World
War II. Fifth, the conversion of the assets of the United States and its citizens from real property to
paper assets from 1945 to the present, transforming a victorious America and foremost world power in
1945 to the world’s largest debtor nation in 1990. Today, this nation lies in economic ruins, devastated
and destitute, in much the same dire straits in which Germany and Japan found themselves in 1945.
Will Americans act to rebuild our nation, as Germany and Japan have done when they faced the
identical conditions which we now face--or will we continue to be enslaved by the Babylonian debt
money system which was set up by the Federal Reserve Act in 1913 to complete our total destruction?
This is the only question which we have to answer, and we do not have much time left to answer it.

"If the American people ever allow private banks to control the issue of their currency, first by inflation
and then by deflation, the banks and the corporations that will grow up around them will deprive the
people of all property until their children wake up homeless on the continent their fathers conquered."

Thomas Jefferson

"We must take away from this the stigma of private enterprise.  We must convince the people that it is
a governmental agency.  We must call it the Federal Reserve System.  Then everybody will think that it
is a government organization and that it is constitutional.  But actually it will be in the control of the
bankers for their own private benefits."

Paul M. Warburg, first chairman of the Federal Reserve

The following text is exerts from Brent-Avory..Johnsons book "The Sovereign American" and Bill Stills
book "On The Horns of The Beast".  I at this point would like to thank them for their unyielding effort to
present the truth to the American public even when it is not appreciated.  They seem to never tire in
their effort to keep us armed with the truth about our federal government and the international bankers.

What's going on in America today?  Why are we over our heads in debt?  Why can't the politicians
bring debt under control?  Why are so many people working at low-paying, dead-end jobs and still
making do with less?  Is a massive depression coming?  Why does the government tell us inflation is
low, when the buying power of our paychecks is diminishing at an alarming rate?  Only a generation
ago, bread was a quarter and a new Volkswagen sold for $1,995!  But most importantly, how can we
protect our families during the coming crash, and maybe even profit from it?

The Secret

Throughout history, greedy men, known in ancient days as money changers, have sought to
monopolize and control money.  Three hundred years ago, such men devised a new kind of bank--a
privately-owned, central bank.  It was disguised to look like part of a nation's government, but it wasn't.  
It was really just a mechanism to secure the money changer's control over a nation's money and keep
people in poverty.  As the great granddaddy of all central bankers, Mayer Amschel Rothschild, put it in
the mid-1700s:

"Let me issue and control a nation's money and I care not who writes the laws."

In other words, if you can convince a government to grant you the power to print and then loan out a
nation's money, who cares about the politicians?  You can always buy politicians.  Where do you think
the phrase, "license to print money" came from?  It's literally the same as a license to steal.

Since the mid-1700s, international bankers have waged a running battle with Congress, the President,
and the American people to acquire a monopoly over who prints America's money.  That's the secret
thread throughout America's financial history.  It's also the driving force behind our national debt.

Why is who prints the money so important?  Think of money as just another commodity.  If you have a
monopoly on a commodity that everyone needs, everyone wants, and nobody has enough of, there
are lots of ways to make a killing.  And that's exactly what's happened in the United States of America.

On December 23, 1913, President Woodrow Wilson signed into law the Federal Reserve Act -
unlawfully turning over the issue of currency to private bankers - and with the stroke of a pen plunged
the American people into an economic abyss from which we have yet to emerge.  For eighty five years
the Federal Reserve System has controlled the issue, reissue, and valuation of currency in America
and throughout the world.  It is arguably the most evil organization ever to exist in modern history.

The Federal Reserve is run by a Board of thirteen Governors, representing eight owners who control
the twelve Federal Reserve owner banks around the world.  These dozen owner banks are controlled
by the 300 Class A Federal Reserve stockholders, who comprise the world's wealthiest and most
powerful banking families, including in part:  Rothschild, Warburg, Rockefeller, Morgan, Kuhn-Loeb, etc.

The Federal Reserve has been the source of endless poverty, depression, and outright thievery of the
property belonging to the American people.  Just before his death Woodrow Wilson said, "I am a most
unhappy man.  Unwittingly I have ruined my country."  Most historians and those who knew him
personally believe this was a direct reference to his signing of the Federal Reserve Act.

It is noteworthy to point out that the Federal Reserve Act was passed by less than a quorum of the
Congress, subjecting the entire matter to a fundamental legal challenge.  Several years earlier,
Congress soundly defeated the Aldrich Plan, which would have established a United States central
bank for the first time in over 70 years.  The Federal Reserve Act was a virtual duplicate of the failed
Aldrich Plan and received a similar degree of opposition among congressional Representatives.  After
a great deal of debate, and when it became apparent that there was no consensus favoring passage
of the Act, it was announced that Members should return home to their constituents and the debate
would be taken up again after the new year.  It was Christmas and almost every congressman was
happy at the opportunity to leave this debate and return home to spend the holidays with friends and
family.  However, according to Roberts Rules of Order, the House was never officially dismissed.  
Three Members of Congress remained behind, and these three men signed the Act into law!  Is it
possible that our entire economy has been the victim of a procedural omission?!

Is the Fed Part of the U.S. Government?

Though few people realize it, the Federal Reserve System is not a part of the federal government.  It is
a private corporation which has been granted a monopoly over our money system to its own
advantage, at your expense.

Now your average banker or politician will challenge you on this point.  They will claim that since the
Fed is headed by a Board of Governors appointed by the President and approved by the Senate, that
that constitutes federal control.  Well, the courts have always ruled differently.

For example, in 1982, a man by the name of John J. Lewis was injured by a vehicle owned and
operated by one of the federal reserve banks.  The Fed tried to claim that since they were a part of the
U.S. government, they could not be sued.  in case #80-5905, U.S.  Court of Appeals, Ninth Circuit, held
that:

Federal reserve banks are not federal instrumentalities...but are independent, privately-owned and
locally controlled corporations in light of fact that direct supervision and control of each bank is
exercised by board of directors, federal reserve banks, though heavily regulated, are locally controlled
by their member banks, banks are listed neither as "wholly owned" government corporations nor as
"mixed ownership" corporations; federal reserve banks receive no appropriated funds from Congress
and the banks are empowered to sue and be sued in their own names.  [28 U.S.C.A., 1346(b), 2671 et
seq.; Federal Reserve Act, 4, 10(a,b), 13, 13a, 13b, 14, 14(a-g), 16, 12 U.S.C.A., 301, 341-360; 12 U.
S.C.A., 361; Government Corporation control Act, 101, 201, 31 U.S.C.A., 846, 856.]

In fact, the Fed is not even legally close to being a governmental agency or any part of the U.S.
government.  in a decision by the Supreme Court a decade earlier, (United States v.  Orleans, 425 U.
S.  807, 96S.  Ct.  1971, 48L.  Ed.2d 390 (1976), a type of organization called a "community action
agency" was denied status as a federal agency because even though it was organized under federal
regulations and heavily funded by the federal government, it's day-to-day operations were not
supervised by the federal government, but by local officials.

Federal Reserve Banks are locally controlled by their member banks.  Unlike typical federal agencies,
each bank is empowered to hire and fire employees at will.  Bank employees do not participate in the
Civil Service Retirement System.  They are covered by worker's compensation insurance purchased by
the Bank on the open market, rather than covered by the Federal Employees Compensation Act.  
Employees of the Bank are not subject to federal travel regulations and do not receive government
employee discounts on lodging and services.  So, after reading this book, when you write your
Congressman and Senator, and you get back a form letter stating that the Federal Reserve System is
a patriotic government agency dedicated to fighting inflation, point this out to them as well as much
more you are about to learn while reading this web site.

The Federal Reserve is a private banking cartel which owns the Department of the Treasury which is
NOT the same as the U.S. Treasury.  The Department of the Treasury is a private corporation which
owns another private corporation, the Internal Revenue Service.

The IRS is the collection arm for the Federal Reserve!

Is the big picture beginning to take shape for you?  Is it all coming together now?

This only begins to point out the insidiousness of the banksters who have effectively taken control of
the world by virtue of taking control of the currency in our country.  Almost every country on Earth has
a central banking system similar to the Federal Reserve.

On December 7, 1983, Archibald Roberts, Lieutenant Colonel, retired, Director of the Committee to
Restore the Constitution, testified before the Idaho Senate State Affairs Committee in support of House
Joint Memorial 3, calling for the repeal of the Federal Reserve Act.  during his testimony, he was asked
whether he could identify the real owners of the Federal Reserve.  His response follows:

"Mr. Chairman, this has been the best kept secret of the century, and is the best kept secret because
of a proviso on passage of the Federal Reserve Act it was agreed that no information would be
released on the Class A stockholders of the Federal Reserve.  But a Mr. R.E. McMaster, publisher of a
newsletter, The Reaper, asked his Swiss and Saudi Arabian contacts which banks hold controlling
interests in the Federal Reserve System.  This was the answer received, and I quote:

'Owner number one, Rothschild Banks of London and Berlin; owner number two, Laz___Brothers of
Paris; owner number three, Israel Moses (Seif) Banks of Italy; owner number four, Warburg Bank of
Hamburg and Amsterdam; owner number five, Lehman Brothers Bank of New York; owner number six,
Kuhn-Loeb Bank of New York; owner number seven, Chase Manhattan Bank of New York.  Mr.
Chairman, it is the Chase Manhattan Bank which controls all of the other eleven Federal Reserve
banks.  Finally, owner number eight, Goldman Sachs Bank of New York.'"

Archibald Roberts, Lieutenant Colonel, retired; Director, Committee to Restore the Constitution.

What you have read on this page is just the tip of the iceberg.  If you wish to find out more about the
federal reserve system and how the international bankers have been manipulating governments and
countries for centuries you can order the books "The American Sovereign" by Brent-Emory..Johnson
and "On the Horns of the Beast" (The Federal Reserve and the New World Order) by Bill Still on the
website "Freedom Bound International".

Again I want to thank Brent-Emory..Johnson and Bill Still for their relentless search for the truth and
tireless attempt to wake up the American people.



Chart of who "Owns" the Federal Reserve


--------------------------------------------------------------------------------

Chart 1

Federal Reserve Directors: A Study of Corporate and Banking Influence
Published 1976

Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the
London banking houses which ultimately control the Federal Reserve Banks through their
stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild
representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the
Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent
successful campaign to have the plan enacted into law by Congress, and who purchased the
controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their
principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory
Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing
banks (such as in New York City) caused those banks to purchase controlling shares in the Federal
Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff
Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks
show this same family control.


--------------------------------------------------------------------------------




                     N.M. Rothschild , London - Bank of England
                      ______________________________________
                     |                                     |
                     |                           J. Henry Schroder     



                     |                             Banking | Corp.
                     |                                     |
               Brown, Shipley - Morgan Grenfell - Lazard - |
                & Company        & Company       Brothers  |
                     |               |              |      |
 --------------------|        -------|              |      |
 |                   |        |      |              |      |
Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---|
& Son      |  Harriman       Norman     |    Paris          Bros     |
 |                   |        /      |            N.Y.     |
 |                   |       |       |              |      |
 |            Governor, Bank | J.P. Morgan Co -- Lazard ---|
 |            of England    /  N.Y. Morgan       Freres    |   
 |            1924-1938    /   Guaranty Co.      Paris     |
 |                        /    Morgan Stanley Co.  |      /
 |                       /           |              \Schroder Bank   
 |                      /            |              Hamburg/Berlin
 |                     /      Drexel & Company         /  
 |                    /       Philadelphia            /
 |                   /                               /
 |                  /                           Lord Airlie
 |                 /                               /
 |                /     M. M. Warburg       Chmn J. Henry Schroder
 |                |      Hamburg ---------  marr. Virginia F. Ryan
 |                |         |               grand-daughter of Otto
 |                |         |                Kahn of Kuhn Loeb Co.
 |                |         |                        
 |                |         |                        
Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y.                         
 |                |     --------------------------                     
µ
 |                |       |                      |                     
8
 |                |       |                      |
Lehman Brothers - Mont. Alabama   Solomon Loeb           Abraham Kuhn
 |                |     __|______________________|_________
Lehman-Stern, New Orleans   Jacob Schiff/Theresa Loeb  Nina Loeb/Paul Warburg
-------------------------    |       |                      |
  |               | Mortimer Schiff        James Paul Warburg
_____________|_______________/       |
|            |          |   |        |
Mayer Lehman |     Emmanuel Lehman    \
|            |          |              \
Herbert Lehman     Irving Lehman        \
|            |          |                \
Arthur Lehman \    Phillip Lehman     John Schiff/Edith Brevoort Baker
   /         |             Present Chairman Lehman Bros
  /  Robert Owen Lehman    Kuhn Loeb - Granddaughter of
 /           |             George F. Baker
|           /               |
|          /                |
|         /           Lehman Bros Kuhn Loeb (1980)
|        /                  |
|       /             Thomas Fortune Ryan
|      |                    |
|      |                    |
Federal Reserve Bank Of New York |
||||||||                    |
______National City Bank N. Y.       |
|        |                           |
|   National Bank of Commerce N.Y ---|
|        |                            \
|   Hanover National Bank N.Y.         \
|        |                              \
|   Chase National Bank N.Y.             \
|                                        |
|                                        |
Shareholders - National City Bank - N.Y.   |
-----------------------------------------  |  
|                                        /
James Stillman                            /
Elsie m. William Rockefeller             /
Isabel m.  Percy Rockefeller            /
William Rockefeller          Shareholders - National Bank of Commerce N. Y.   
J. P. Morgan                 -----------------------------------------------
M.T. Pyne                    Equitable Life - J.P. Morgan
Percy Pyne                   Mutual Life - J.P. Morgan
J.W. Sterling                H.P. Davison - J. P. Morgan
NY Trust/NY Edison           Mary W. Harriman
Shearman & Sterling          A.D. Jiullard - North British Merc. Insurance
|                            Jacob Schiff
|                            Thomas F. Ryan
|                            Paul Warburg
|                            Levi P. Morton - Guaranty Trust - J. P. Morgan
|
|
Shareholders - First National Bank of N.Y.
-------------------------------------------
J.P. Morgan
George F. Baker
George F. Baker Jr.
Edith Brevoort Baker
US Congress - 1946-64
|
|
|
|
|
Shareholders - Hanover National Bank N.Y.
------------------------------------------
James Stillman
William Rockefeller
|
|
|
|
|
Shareholders - Chase National Bank N.Y.
---------------------------------------
George F. Baker

--------------------------------------------------------------------------------

Chart 2

Federal Reserve Directors: A Study of Corporate and Banking Influence
- Published 1983

The J. Henry Schroder Banking Company chart encompasses the entire history of the twentieth
century, embracing as it does the program (Belgium Relief Commission) which provisioned Germany
from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to
make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and even
at the present time, having two of its major executives of its subsidiary firm, Bechtel Corporation
serving as Secretary of Defense and Secretary of State in the Reagan Administration.

The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of
England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and
Company of London from 1963-72, and director of J. Henry Schroder,New York and Schroder Banking
Corporation,New York,as well as Lloyd's Bank of London, and Rolls Royce. He maintains a residence
on Sutton Place in New York City, and as head of "The London Connection," can be said to be the
single most influential banker in the world.


--------------------------------------------------------------------------------




                    J. Henry Schroder
                    -----------------
                           |
                           |
                           |
               Baron Rudolph Von Schroder
                Hamburg - 1858 - 1934
                           |
                           |
                           |
                 Baron Bruno Von Schroder
                 Hamburg - 1867 - 1940
F. C. Tiarks                         |
1874-1952                            |
|                                |
marr. Emma Franziska                 |
(Hamburg)                    Helmut B. Schroder
J. Henry Schroder 1902               |
Dir. Bank of England                 |
Dir. Anglo-Iranian                   |
Oil Company         J. Henry Schroder Banking Company N.Y.
                           |
                           |
            J. Henry Schroder Trust Company N.Y.
                           |
                           |
                           |
        ___________________|____________________
       |                                        |
 Allen Dulles                              John Foster Dulles
Sullivan & Cromwell                        Sullivan & Cromwell
Director - CIA                             U. S. Secretary of State
                                          Rockefeller Foundation



Prentiss Gray
------------
Belgian Relief Comm.                     Lord Airlie
Chief Marine Transportation              -----------
US Food Administration WW I          Chairman; Virgina Fortune
Manati Sugar Co. American &          Ryan daughter of Otto Kahn
British Continental Corp.            of Kuhn,Loeb Co.
|                                    |
|                                    |
M. E. Rionda                               |
------------                               |
Pres. Cuba Cane Sugar Co.                   |
Manati Sugar Co. many other                 |
sugar companies.                     _______|       
|                            |
|                            |
G. A. Zabriskie                    |
---------------                    |                Emile Francoui
Chmn U.S. Sugar Equalization        |                --------------
Board 1917-18; Pres Empire          |            Belgian Relief Comm. Kai
Biscuit Co., Columbia Baking        |            Ping Coal Mines, Tientsin
Co. , Southern Baking Co.           |            Railroad,Congo Copper, La
                         |            Banque Nationale de Belgique
  Suite 2000 42 Broadway | N. Y                      |
__________________________|___________________________|_
|                          |                           |
|                          |                           |
Edgar Richard            Julius H. Barnes             Herbert Hoover
-------------            ----------------             --------------   
Belgium Relief Comm         Belgium Relief Comm       Chmn Belgium Relief Com
Amer Relief Comm            Pres Grain Corp.           U.S. Food Admin
U.S. Food Admin             U.S. Food Admin           Sec of Commerce 1924-28
1918-24, Hazeltine Corp.    1917-18, C.B Pitney       Kaiping Coal Mines
|                        Bowes Corp, Manati        Congo Copper, President
|                        Sugar Corp.                  U.S. 1928-32
|
|
|
John Lowery Simpson
-------------------                      
Sacramento,Calif Belgium Relief                       |
Comm. U. S. Food Administration             Baron Kurt Von Schroder
Prentiss Gray Co. J. Henry Schroder         -----------------------
Trust, Schroder-Rockefeller, Chmn         Schroder Banking Corp. J.H. Stein
Fin Comm, Bechtel International           Bankhaus (Hitler's personal bank
Co. Bechtel Co. (Casper Weinberger        account) served on board of all
Sec of Defense, George P. Schultz         German subsidiaries of ITT . Bank
Sec of State (Reagan Admin).              for International Settlements,
 |                             SS Senior Group Leader,Himmler's
 |                             Circle of Friends (Nazi Fund),
 |                             Deutsche Reichsbank,president
 |
 |
Schroder-Rockefeller & Co. , N.Y.
---------------------------------
Avery Rockefeller, J. Henry Schroder
Banking Corp., Bechtel Co., Bechtel
International Co. , Canadian Bechtel
Company.          |
       |
       |
       |
Gordon Richardson
-----------------
Governor, Bank of England
1973-PRESENT C.B. of J. Henry Schroder N.Y.
Schroder Banking Co., New York, Lloyds Bank
Rolls Royce

--------------------------------------------------------------------------------

Chart 3

Federal Reserve Directors: A Study of Corporate and Banking Influence
- Published 1976

The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard
Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable
Life (J. P. Morgan).


--------------------------------------------------------------------------------

DAVID ROCKEFELLER
----------------------------
Chairman of the Board
Chase Manhattan Corp
|
|
______|_______________________
Chase Manhattan Corp.        |    
Officer & Director Interlocks|---------------------
------|-----------------------                    |
|                                           |
Private Investment Co. for America       Allied Chemicals Corp.
|                                           |
Firestone Tire & Rubber Company          General Motors              
|                                           |
Orion Multinational Services Ltd.        Rockefeller Family & Associates
|                                           |
ASARCO. Inc                              Chrysler Corp.
|                                           |
Southern Peru Copper Corp.               Intl' Basic Economy Corp.
|                                           |
Industrial Minerva Mexico S.A.           R.H. Macy & Co.
|                                           |
Continental Corp.                        Selected Risk Investments S.A.
|                                           |
Honeywell Inc.                           Omega Fund, Inc.
|                                           |
Northwest Airlines, Inc.                 Squibb Corporation
|                                           |
Northwestern Bell Telephone Co.          Olin Foundation  
|                                           |
Minnesota Mining & Mfg Co (3M)           Mutual Benefit Life Ins. Co. of NJ
|                                           |
American Express Co.                            AT & T   
|                                           |
Hewlett Packard                          Pacific Northwestern Bell Co.
|                                           |
FMC Corporation                          BeachviLime Ltd.
|                                           |
Utah Intl' Inc.                          Eveleth Expansion Company
|                                           |
Exxon Corporation                        Fidelity Union Bancorporation
|                                           |
International Nickel/Canada              Cypress Woods Corporation
|                                           |
Federated Capital Corporation            Intl' Minerals & Chemical Corp.
|                                           |
Equitable Life Assurance Soc U.S.        Burlington Industries
|                                           |
Federated Dept Stores                    Wachovia Corporation
|                                           |
General Electric                         Jefferson Pilot Corporation
|                                           |
Scott Paper Co.                          R. J. Reynolds Industries Inc.
|                                           |
American Petroleum Institute             United States Steel Corp.
|                                           |
Richardson Merril Inc.                   Metropolitan Life Insurance Co.
|                                           |
May Department Stores Co.                Norton-Simon Inc.
|                                           |
Sperry Rand Corporation                  Stone-Webster Inc.
|                                           |
San Salvador Development Company         Standard Oil of Indiana

--------------------------------------------------------------------------------

Chart 4

Federal Reserve Directors: A Study of Corporate and Banking Influence
- Published 1976

This chart shows the interlocks between the Federal Reserve Bank of New York J. Henry Schroder
Banking Corp., J. Henry Schroder Trust Co., Rockefeller Center, Inc., Equitable Life Assurance Society
( J.P. Morgan), and the Federal Reserve Bank of Boston.

Alan Pifer, President
Carnegie Corporation
of New York
----------------------
|
|
----------------------
Carnegie Corporation
Trustee Interlocks       --------------------------
----------------------                            |
|                                        |
Rockefeller Center, Inc                 J. Henry Schroder Trust Company
|                                        |
The Cabot Corporation                   Paul Revere Investors, Inc.
|                                        |
Federal Reserve Bank of Boston          Qualpeco, Inc.
|
Owens Corning Fiberglas
|
New England Telephone Co.
|
Fisher Scientific Company
|
Mellon National Corporation
|
Equitable Life Assurance Society
|
Twentieth Century Fox Corporation
|
J. Henry Schroder Banking Corporation

--------------------------------------------------------------------------------

Chart 5

Federal Reserve Directors: A Study of Corporate and Banking Influence
- Published 1976

This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,
Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.


--------------------------------------------------------------------------------

Maurice F. Granville
Chairman of The Board
Texaco Incorporated
----------------------
|
|
Texaco Officer & Director Interlocks  ---------------- Liggett & Myers, Inc.
------------------------------------           |
|                                      |
|                                      |
L  Arabian American Oil Company            St John d'el Ray Mining Co. Ltd.
O      |                                      |
N  Brown Brothers Harriman & Co.           National Steel Corporation
D      |                                      |
O  Brown Harriman & Intl' Banks Ltd.       Massey-Ferguson Ltd.
N      |                                      |
American Express                        Mutual Life Insurance Co.
|                                      |
N. American Express Intl' Banking Corp.    Mass Mutual Income Investors Inc.
M.     |                                      |
Anaconda                                United Services Life Ins. Co.
R      |                                      |
O  Rockefeller Foundation                  Fairchild Industries
T      |                                      |
H  Owens-Corning Fiberglas                 Blount, Inc.
S      |                                      |
C  National City Bank (Cleveland)          William Wrigley Jr. Co
H      |                                      |
I  Sun Life Assurance Co.                  National Blvd. Bank of Chicago
L      |                                      |
D  General Reinsurance                     Lykes Youngstown Corporation
|                                      |
General Electric (NBC)                  Inmount Corporation

** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,
Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd
Session, August 1976.