NESARA
The National Economic Stabilization and Recovery Act

Monetary and fiscal policy reform that will double the standard of living for every American
within one generation and restore economic and social prosperity across the land.

 
NESARA—A Proposed Bill  |  What’s In It For Me?  |  Contact Us

Draining the Swamp

What Can I Do?  |  The “Real” NESARA  |  Articles and Information  |  Search

Home

 
 

 

Court Cases Cited Within This Web Site
Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)
 

John L. Lewis was injured by a vehicle owned and operated by a federal reserve bank, and brought action alleging jurisdiction under the Federal Tort Claims Act. The District Court dismissed the case by ruling that the federal reserve bank was not a federal agency within meaning of the Federal Tort Claims Act and the court therefore lacked subject-matter jurisdiction. The Appeals court affirmed the decision.

The court stated “Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purpose of the FTCA, but are independent, privately owned and locally controlled corporations.”

However, this does not imply, as so many wrongly interpret, that private individuals own the banks for the court also stated “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank’s nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors. 12 U.S.C. Sect. 301. The directors enact by-laws regulating the manner of conducting general Bank business, 12 U.S.C. Sect. 341, and appoint officers to implement and supervise daily Bank activities. These activities include collecting and clearing checks, making advances to private and commercial entities, holding reserves for member banks, discounting the notes of member banks, and buying and selling securities on the open market. See 12 U.S.C. Sub-Sect. 341–361.

Serving a federal purpose does not necessarily imply being a federal agency.

Court Summary List

 
NESARA—A Proposed Bill  |  Status of the Proposal  |  NESARA v. Other Proposals
What’s In It For Me?  |  FAQs  |  Articles and Information
Spread the Word  |  What Can I Do?  |  Political Contacts
Op-Ed  |  Dictionary  |  Search
Contact Us  |  Notes and Legal Stuff
Draining the Swamp—The NESARA Story
The “Real” NESARA
Home

Sponsored by the NESARA Institute
23805 Greenwell Springs Rd.
Greenwell Springs, Louisiana 70739
(225) 445–0623