 Aldrich convened a secret conference with a number of the nation 's leading financiers at the Jekyll Island Club , off the coast of Georgia , to discuss monetary policy and the banking system in November 1910 . Aldrich and A. P. Andrew ( Assistant Secretary of the Treasury Department ) , Paul Warburg ( representing Kuhn , Loeb & Co . ) , Frank A. Vanderlip ( James Stillman 's successor as president of the National City Bank of New York ) , Henry P. Davison ( senior partner of J. P. Morgan Company ) , Charles D. Norton ( president of the Morgan @-@ dominated First National Bank of New York ) , and Benjamin Strong ( representing J. P. Morgan ) , produced a design for a " National Reserve Bank " . 
