The meeting in November 1910 on Jekyll Island, Georgia, established the blueprint for the Federal Reserve System. The key individuals who drafted the basis of the Federal Reserve Bank system were Senator Nelson Aldrich (head of the National Monetary Commission); Henry P. Davison of J. P. Morgan; Charles D. Norton of First National Bank; Paul Warburg of Kuhn, Loeb; and Colonel Edward House (one of President Woodrow Wilson’s closest advisors).