The National Banking system of 1864 continued basically unchanged until 1914, when the Federal Reserve System (FED) was superimposed on top of the National Banking system. The German born banker, Paul Warburg who was part of the European Rothschild-Warburg international banking cartel, designed this newer system. The international banking House of Rothschild had made $14,000,000 speculating in America's early Continental currency, and helped financed the mutual destruction of the North and South in the War of 1861, and in 1914, along with a few other international bankers, created and took charge of the Federal Reserve Bank system and thus, the American economy.
The National Banks that were created under the Chase system were forced to become members of the FED by buying FED stock equal to 3% of their capital and assets. In return, the FED had to buy the National Bank Notes from these member banks and had to buy their government bonds that had been used as security for those notes. The international bankers used the National banks' own assets to control them. The FED was and is, a private non-governmental system. And so the currency (dollars) of the United States changed from being "National Bank" notes to being "Federal Reserve" notes. American money had become a simple bank note. Get one out and read it "Federal Reserve Note." Also make notice of the wording on every Federal Reserve Bank Note "This note is legal tender..." drawing authority from the Martial Law power assumed by Lincoln which went into effect in July 1862, making Greenbacks non-refusable; now taken to its next step, private bank notes became non-refusable. That placed the power of the American economy into the hands of private (even foreign) banks.
The Rothschilds financed both sides of the War of 1861, and among his agents were the bankers of Kuhn Loeb. John D. Rockefeller who, during the War of 1861, cut a deal of "rebate scheming" with the railroads to allow Standard Oil control 95% of America's oil refining by 1895. It was Kuhn Loeb that financed Rockefeller's buy-out of Chase Bank. The Rockefellers became the "American Rothschilds."
August Belmont had been an agent for the English House of Rothschild during the War of 1861. Well, Lionel Rothschild, who, in 1858, became a Member of Parliament, headed that British House. Lionel Rothschild trained Max Warburg (the patriarch of the German Warburg Banking family) in the international science of banking. Max sent his son, Paul Warburg to America where he became a partner to Kuhn Loeb (Rothschild's 1861 agents), and Paul Warburg married into that family. Paul Warburg wrote a book in 1907 titled "Plan for a Modified Central Bank" for the United States, to pick up where Salmon P. Chase left off, on behalf of international bankers.
An American player named Colonel Mandel House, whose father was a representative of British Banking in Texas joined into the scheme. Colonel House was responsible, more than anyone, for getting Woodrow Wilson into the White House in 1913. Colonel House introduced Paul Warburg's banking ideas to President Wilson. Warburg wrote the draft of the "Owens-Glass" bill that created the Federal Reserve Bank in 1913. Paul Warburg was later appointed head of the Federal Reserve Bank. During World War I, Paul Warburg declined chairing the Federal Reserve Bank because he thought that it would seem odd that it was his brother who controlled the central bank of Germany, the nation with whom we were at war. One of the member banks of the Federal Reserve was and is Kuhn Loeb, the Rothschild agents who financed the War of 1861.
It was the Federal Reserve Bank that completed the International Bankers' takeover of the American banking system, a takeover that began with the work of Alexander Hamilton and the first Bank of the United States, and furthered by Nicholas Biddle and the Second Bank of the United States, and then continued to be developed by Salmon P. Chase in 1863, under Lincoln. Some call it a conspiracy, but it can simply be called: international "business as usual." Is the U.S. Treasury really concerned about our independence; or are they only concerned about serving the agenda of international money and power?
The National Banking system of 1864 continued basically unchanged until 1914, when the Federal Reserve System (FED) was superimposed on top of the National Banking system. The German born banker, Paul Warburg who was part of the European Rothschild-Warburg international banking cartel, designed this newer system. The international banking House of Rothschild had made $14,000,000 speculating in America's early Continental currency, and helped financed the mutual destruction of the North and South in the War of 1861, and in 1914, along with a few other international bankers, created and took charge of the Federal Reserve Bank system and thus, the American economy. 
