Banks had control of the nation back before the FedRes 1913 creation
they had a plan too
The Panic of 1907 was an anomaly. This dubiously unpredictable assault on New York City banks ended up becoming the catalyst for one of the largest cases of corporate consolidation in American history. This consolidation was so egregious that it was deemed a “Money Trust” by regulatory politicians. The questionable circumstances and outcomes of the Panic, and J.P. Morgan’s massive takeovers led to Louisiana Congressman Arsene Pujo’s Money Trust investigations and subsequent Sub-Committee on Banking and Currency Report in January of 1913. Through the “Money Trust Hearings” the Pujo Committee findings were astounding. They unanimously determined that a small cartel of financiers, namely J.P. Morgan and a few other of New York’s most powerful bankers, had gained consolidated control of numerous industries and monopolized them through the abuse of the public trust, mostly during and after the Panic of 1907.
The Pujo Committee Report found that Morgan, and a handful of similar goliaths of American and international banking and industry, had gained control of major manufacturing, transportation, mining, telecommunications, and financial markets throughout the United States. The report revealed that no less than eighteen different major financial corporations were under the complete control of a consortium led by J.P Morgan, George F. Baker, and James J. Stillman. Just these three men, personally, represented the control of over $2.1 billion through the resources of seven banks and trust companies: Banker’s Trust Co., Guaranty Trust Co., Astor Trust Co., the National Bank of Commerce, Liberty National Bank, Chase National Bank, and Farmer’s Loan & Trust Co. The report revealed that this handful of men held the New York Stock Exchange hostage, and attempted to evade interstate trade laws.[13]
The committee’s scathing report on the banking trade concluded that 341 officers of J.P. Morgan & Co. also sat on the boards of directors of 112 corporations with a market capitalization of $22.5 billion (the total capitalization of the New York Stock Exchange was then estimated at $26.5 billion). In other words, Morgan had influence or outright control over so many corporations’ boards of directors that they represented over four-fifths of the value of every corporation on the entire New York Stock Exchange.[14] Despite the sweeping investigation and the damning evidence the Pujo Committee compiled, there is no evidence that any of the men named in the Pujo Report were ever arrested, prosecuted, or fined for any crime, and yet no group or investigative committee had ever proven the Pujo Committee inaccurate.
https://www.gothamcenter.org/blog/the-panic-of-1907-how-jp-morgan-took-over-wall-street