Who Owns the Federal Reserve?
I keep asking this question in different places, and I can't get a solid answer.
Is there any truth in the idea that it is not, in fact, 'federal' at all (any more than Federal Express) and is, in fact, privately owned?
Best Answer
249 points
engcomp answered one year ago …
After reading the article on http://www.themoneymasters.com/faqs.htm#q1 as recommended by MNSL, I conclude there is no solution short of a complete overhaul of the US banking system. The Federal Reserve Banks controlling the activities of the banks is like a police force appointed by the mafia controlling the mafia.
One of the staturory requirements is "Each depository institution shall maintain reserves against its transaction accounts as the Board may prescribe by regulation..."
So what does the Fed do in the current meltdown? It loans $106.3 billion to its cronies to cover $44.5 billion in required reserves! (see my question "Non-borrowed reserves are negative $61.8 billion?") This is sub-prime lending at its worst. Firstly, borrowed reserves are NOT reserves. Secondly, why lend 2.4 times the requirement? Because the Fed's cronies had their hand in the till?
Answers
546 points
warren answered one year ago …
True it is not a governement agency. The true owners are the big boys ie. JP Morgan Goldman Sachs, Rothchilds, honestly you will never truely know who owns this bank. But there are some really good guesses and over time slips have been made to assure you of at least the short list above.
I can't remember offhand but someone once said, I care not who controls the government for if I control the currency I control the country. Something like that anyhow, the Fed and it's shareholders worldwide run the US. I has been like that for a long time and it's not free or fair but most people don't care or understand what that reall means. Gold and SIlver are a way to say BUG OFF to the Fed.
Mav did you see the big banks and institutions borrowed like 38 + billion from the fed every day this week. It's getting scarier by the day out there. Keep safe.
546 points
warren answered one year ago …
Have you read Giffin, "Creature From Jekyl Island"? There are some good interview on youtube with him as well where he explains things well.
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engcomp answered one year ago …
Actually, there are twelve Federal Reserve Banks in the USA, of which the Federal Reserve Bank of New York is the largest, according to http://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_New_York
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3963 points
MNSL answered one year ago …
According to web link: http://www.themoneymasters.com/faqs.htm#q1
Question: Who owns the Federal Reserve Banks?
Answer: The Federal Reserve Banks of each region are owned by (issue their stock exclusively to) the member banks of that same region. The member banks are privately owned corporations. Thus the Federal Reserve Banks are privately owned. This is a matter of law and anyone may read the Federal Reserve Act of 1913 for themselves (see below).
If you read this web site you can learn more about Federal Reserve.
According to Web link:
http://www.factcheck.org/askfactcheck/who_owns_the_federal_reserve_bank.html
There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don't necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are appointed by the president and confirmed by the Senate.
The Fed is a little defensive about the question of ownership. In its Frequently Asked Questions section, the Federal Reserve Board says: "The Federal Reserve System is not 'owned' by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects
1130 points
sundarkambam answered one year ago …
See the link
http://www.masternewmedia.org/news/2005/09/09/who_owns_the_federal_reserve.htm
