America 1919-Chapter 862 - 295, Seeking the hide of a tiger with the tiger’s help.

“Donnie, I’ve bought an apartment in Atlantic City for Janine, but this child has just left Germany and is still very unfamiliar with things in the United States, so I’ll have to trouble you more in the future!” Felix Warburg said with a smile.

“Certainly!” Donnie nodded and said, “Felix, I suppose you didn’t come to Atlantic City just for Janine Woburg’s sake, did you?”

Felix Warburg adjusted his sitting posture, “Indeed, it’s not just for Janine’s matter. In fact, in addition to Janine, regarding the matter you mentioned before, we have discussed it already, and if Venus Bank could join the Federal Reserve, we would be very welcoming of it!”

A light flashed in Donnie’s eyes. Joining the Federal Reserve was an extremely important affair for both Venus Bank and himself.

Although now, even after joining, Donnie would not have much say in the Federal Reserve, everything must start somewhere, just like starting a business, which requires initial capital!

However, the excitement in Donnie’s heart lasted only a moment before he began to ponder other thoughts.

Such an important affair should not be discussed with him by Felix Warburg but by Paul Warburg instead.

So joining was not going to be an easy matter.

“I suspect there must be other issues, right?” Donnie asked.

Felix Warburg nodded without hesitation: “Indeed, there are some issues, and I think you, Donnie, are aware that although our Woburg Family has some standing in the Federal Reserve, the Federal Reserve is not under our control, filled with various interests.

Paul has now returned to New York and is working on getting Venus Bank into the Federal Reserve, but even so, we still face many problems.

For instance, some people from the Federal Reserve Banks of Philadelphia, Cleveland, San Francisco, and some members of the Federal Advisory Council, as well as some directors of the Federal Reserve, hold opposing views on this matter.

We have exerted our greatest effort on this matter, but we still can’t convince them, so you, Donnie, must personally persuade them.”

After hearing this list, Donnie started calculating in his mind. Since he wanted to join the Federal Reserve, he naturally had already investigated the situation of the Federal Reserve.

Among the names provided by Felix Warburg, there were their allies and also their competitors. It seemed like there shouldn’t be any issues, but in reality, this list was too reasonable, which in turn made the matter itself seem unreasonable!

“So you’re saying, in this matter of our cooperation, the Woburg Family has made some compromises?” Donnie asked calmly.

Felix Warburg shook his head, “We have made our greatest effort, Donnie, you should understand, Venus Bank joining the Federal Reserve is a matter that could affect the current business structure of the United States.

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If it wasn’t for our coordination, there would definitely be more people on this list!”

Donnie pondered, “But on this list, there are quite a few people who are friends of your Woburg Family, like the Rothschild family who stands behind Hanover Bank, they are your Woburg Family’s most steadfast allies!”

At the inception of the Federal Reserve, there were six major shareholders: The National City Bank of New York, The First National Bank, The National Bank of Commerce, Hanover Bank, Chase Bank, and Chemical Bank!

Late on, Citibank successively merged with The National City Bank of New York, The First National Bank, and became the largest shareholder of the Federal Reserve.