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by CuriousStevo on November 14th, 2006

CuriousStevo

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About the Federal Reserve: If the Federal Reserve stocks are owned by member banks... 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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Answers. 3 helpful answers below.

  • by Cladvulk on June 21st, 2009

    Cladvulk

    Though member banks HAVE TO buy "stock" in the FED to be a member, it's not like normal stock in a normal corporation.

    First of all, they can't sell it or trade their stock - once they buy it, they're stuck with it.

    Secondly, the FED never distributes profits; it only pays a modest and consistent 6% dividend.

    Thirdly, the board of governors of the Federal Reserve are not chosen/elected by share voting: all 7 are appointed by the President with Senate confirmation, and all 7 must be from different Federal Reserve districts. Also, only 3 of the 9 directors of each of the 12 regional FR banks are elected by share voting (i.e., by the big banks of that region); 3 are elected by the small member banks; 3 are appointed by the Government.

    Hope that helps.

    Finally, the FED is responsible to, subject to, and answerable to, the US Government and not the member banks.

    You can find out more about it from the Federal Reserves own webpage and numberous articles on the net - apart from the conspiracy theory ones.

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  • by Anonymous on November 15th, 2006

    Anonymous

    Your on the right trail and asking the the right questions. Follow the money trail it usually leads to the answers. (that is only if you really want to know.)

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  • by Anonymous on June 21st, 2009

    Anonymous

    All you have to do is research the Federal Reserve Act of 1913 and you'll find out who the 7 representatives were that met secretly on Jekyll Island off the coast of Georgia. They created the biggest scam in American history in 1913, along with the federal income tax(1913 as well). The Rothschilds mastered the art of money sharking that their ancestors were so hated for, and they let the Rockefellers in on the fun a hundred years later. They run the worlds money supply by loaning nations money at interest. But how do you pay interest when the only valid money that can be used comes from the bank you already loaned from? Simple. It doesn't exist, so you take out another loan from the same bank every so often to pay off previous debts. A great way to make a country instantly in debt and to enslave the entire population. How? Federal Income tax of course. Directly to the Fed. Fed is never audited. Why? Because some people are just simply above and law or jurisdiction.

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