Describe the structure of the federal reserve.?

Answer 1

The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations. (http://www.federalreserveeducation.org/fed101/structure/ )

The Board of Governors 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 overseen by congress. There is no structure or mechanism for private ownership at this level. Board members are forbidden by law to have any economic interest in a private bank.

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. These 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. Is this private ownership? It is the subject of much debate. The Feds response: http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm#6 )

I equate the arrangement to a government agency (the Board of Governors) contracting out the day to day operations to a tightly controlled and regulated company.

Answer 2

The Fed is a privately owned company, complete with stockholders, who lend money to the Federal Government, with interest charged on every dollar of currency issued by the United States mints. There is nothing "federal" about it, normal people can't even buy stock in it, it is an elitist mega bucks hustle, and if you try and mess in their business (like JFK did), well they probably won't put your head on of coin, but your not going to pull the Federal Government out of their clutches.

Answer 3

1. THE FEDS TAKE YOUR MONEY 2. THE STATE GETS THEIR OF YOUR MONEY 3. THE LOCAL GOVERNEMNT GETS THEIR SHARE! 4. WHEN IT IS SAID AND DONE! YOU, MISTER TAXPAYER, ARE BROKE AND GOING TO FOOD LINES! HOW IS THAT FOR A STRUCTURE IN AMERICA? BECAUSE THAT IS HOW IT IS IN THIS SICK COUNTRY!