is the federal reserve bank a privately owned bank and if it is who owns it?

Answer 1

It has always been an open secret,Yes it is privately owned,the two Entities that I know of Are FORD FAMILY and ROTHSCHILD'S Banking Family I think there are seven altogether.I think Bank of England is also One of them but I am not sure.

Answer 2

The federal reserve banks are privately owned by a group of people. I believe there are 18 banks.

Answer 3

The Federal Reserve System is publicly owned but there is some semblance of private bank ownership and influence at the branch level.

At the top of the Federal Reserve System is the Board of Governors. These are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is also overseen by congress. There is absolutely no structure or mechanism for private ownership at this level. (If someone disagrees, please explain how someone could take legal title to own and control the Board of Governors).

The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. The shares cannot be sold on the open market. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. Whether this branch structure constitutes 'private ownership' is the subject of much debate. Even the courts have a hard time with making the distinction in related decisions. I personally equate it to contracting out; the Board of Governors has oversight and ultimate responsibility but the branch work is carried out by this contrived joint partnership arrangement of member banks.

So who are the branch shareholders? Shares in branches cannot be owned by individuals, only by their member banks. The shares supposed to be proportional to the member bank size. No single bank has controlling shares.

One could extrapolate that significant shareholders of the member banks have some control and influence over the branches by extension. This would be a fair assertion. Using that reasoning, Rockfeller would have the single most influence by an individual as he is the largest individual shareholder in the largest member bank (Citibank).

A common assertion among anti-fed conspiracy sites is that it is owned and controlled by foreigners. While there is some historical origins of their influence (the Fed was modelled after some Europe systems), this does not appear to be the case today. How would we know? By law, a public company has to list anyone with more than 5% ownership. if you look at the big banks, you do not see any significant foreign ownership. (If someone has evidence of significant foreign ownership, please cite a reliable and authoriative source)

A key point to your question is: Who controls monetary supply - Public or Private interests? There is no question that is controlled by the public arm of the Federal Reserve - the Board of Governors.

However, even the Board of Governors is not totally immune to politics as Congress simply passes mandates if they disagree with something the Fed is doing. Any individual with significant influence in congress has, by extension, influence over the Fed Res.

Answer 4

Hello,

Here is a link to tell you about the Federal Reserve and its history.


Hope this helps you..................... :-)

Answer 5

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