U.S. Government Grants a Private Bank the Right to Not Only Infiltrate And Examine Competing Banks Records, But Also The Right To Regulate That Private Bank's Competitors.
The extent and nature of how U.S. Government representatives continue to uphold the Criminal Enterprise that usurped control of the U.S. Dollar in 1993 is still strongly evident. In December 1991 the government passed the "Foreign Bank Supervision Enhancement Act" (FBSEA). FBSEA authorized the privately held Federal Reserve Bank to not only gain complete access to competing banks records and financial information, the government granted the owners of the Federal Reserve Bank the right to even regulate competing banks. Prior to the passing of FBSEA, State regulatory bodies were responsible for regulating banks within their jurisdictions.
Prior to granting Regulatory authority over their competitors, the government had granted the privately held Federal Reserve Bank the right to access confidential records of competing banks held by States in 1978 with the passing of the "The International Banking Act of 1978".
Considering the fact that it is virtually impossible for any member of the House or Senate to not be fully aware that the Federal Reserve Bank is a private bank owned predominantly by foreigners, the passage of these Acts reflect an ongoing and outrageous treason on behalf of representatives of the people. For a representative who raises to the level of Senator or Congress Person to not be aware of these basic facts would reflect extreme and gross incompetence by that representative, for a representatives to do noting to correct this blatant crime, represents treason and fraud of the worst possible nature by that representative. Said representatives are clearly an enemy of the people and agents of foreign bankers who control the U.S. Dollar.
The Federal Reserve Bank openly admits to these crimes in their paper entitled "Examination Manual for U.S. Branches and Agencies of Foreign Banking Organizations", General Introduction, Section 1010.1, page 2 of Second Printing, September 1997, Director, Division of Banking Supervision and Regulation Board of Governors of the Federal Reserve System Washington, D.C. 20551 - http://www.federalreserve.gov/boarddocs/supmanual/us_branches/usbranch.pdf:
"Foreign banking organizations have had a longstanding presence in the United States. Their operations encompass a wide variety of banking and nonbanking activities, through subsidiaries, branches, agencies, and representative offices. These activities are located primarily in the major U.S. cities where finance and international trade are most actively conducted.
Branches of foreign banking organizations are licensed by the state banking authorities or the Office of the Comptroller of the Currency. In addition, certain grandfathered branches may be insured by the Federal Deposit Insurance Corporation. Agencies are licensed by the state banking authorities. The Federal Reserve, therefore, shares its regulatory responsibility with other state and federal supervisory authorities. Separately, the Board of Governors delegates certain of its supervisory and regulatory functions to the Reserve Banks and directs, coordinates, and reviews actions taken by the Reserve Banks.
Prior to the December 1991 passage of the Foreign Bank Supervision Enhancement Act (FBSEA), the examination of federal and state branches and agencies of foreign banks was largely the responsibility of the respective licensing authorities (the states and the OCC). The International Banking Act of 1978 instructed the Federal Reserve to use, to the extent possible, the examination reports of other state and federal regulators in carrying out its responsibility for overseeing the U.S. operations of foreign banking organizations. Enactment of FBSEA was intended to fill gaps in the supervision and regulation of the U.S. operations of foreign banks and to ensure that the banking policies established by Congress are implemented in a fair and consistent manner with respect to all entities (domestic and foreign) conducting a banking business in the United States. FBSEA established uniform federal standards for entry and expansion of foreign banks in the United States and substantially increased the role of the Federal Reserve in the supervision and regulation of their U.S. activities. Under FBSEA, the Federal Reserve may examine any office or affiliate of a foreign bank in the United States and is to coordinate such examinations with the OCC, FDIC, and appropriate state banking supervisors to the extent possible. A comprehensive set of procedures has been developed to provide a uniform framework to be used in examining branches and agencies of foreign banking organizations."
Perhaps it is the brazen and "authoritative" nature of the privately held Federal Reserve Bank that allows them to get away with their crimes (see Authorities Mind Control).
Notable quotes by favorite U.S. Heroes:
" I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies" - Secretary of State Thomas Jefferson.
"If the American people ever allow the banks to control the issuance of their currency.. the banks and 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.” - Secretary of State Thomas Jefferson
"The bank, is trying to kill me, but I will kill it!" "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out." - President Andrew Jackson
"The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it." - President Andrew Jackson
President James A. Garfield was inaugurated in 1881, he said "Whoever controls the volume of money in any country is absolute master of all industry and commerce". On July 2, 1881 Garfield was shot, he dies on September 19.
PRESIDENT WOODROW WILSON: "A great industrial Nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government of free opinion no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men". (Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my Country".