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by Sunblynd 5.0 on October 21st, 2006

Sunblynd 5.0

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Who owns the Federal Reserve? If it is a private institution, like any other banking organization, then who owns it? For some reason, We the People believe it's a government entity, why is that?

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Answers. 3 helpful answers below.

  • by CuriousStevo on November 14th, 2006

    CuriousStevo

    So... who are all the owners or the majority owners of the member banks? Are there any stocks of the Federal Reserve not owned by member banks?

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  • by Persky Bunkermeister on October 21st, 2006

    Persky Bunkermeister

    The Federal Reserve Bank is owned by member banks. However, the Board of Governors is appointed by the President of the United States. That makes it a quasi-government agency, privately owned, but publicly regulated.

    http://en.wikipedia.org/wiki/Federal_Reserve

    Don't miss the chart at the end of the article, which lays out an interesting map of the ownership of the fed.

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  • by anglrckx on February 21st, 2007

    anglrckx

    a lot of rich bankers who run the country.

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