is the US Federal Reserve very rich?

Answer 1

of course lol its the federal reserve for all the US banks

Answer 2

Yes, the Federal Reserve is very rich...it got that way from stealing money from the people. If you really want to learn about the history of the Federal Reserve, how it came about, you should get on google video, and watch the documentary called, America From Freedom to Fascism. Then you can do further research, maybe by googling Federal Reserve. *sm*

Answer 3

What I understand is that they are very rich in debt and just keep making more money for more debt. I wish I could get away with that. I try to stay within budget but they do whatever floats their boat, so to speak.

Answer 4

NO, They do make money from the loaning of money to the banking system. They are able to pay their expenses, but after that they must turn over the remaining profit to the US government for the general revenue.

Answer 5

Technically the Board of Governors is a government agency and the branches are non-profit corporations (all excess 'profit' is returned to the Treasury).

However, they do hold billions in assets. Here is their last balance sheet:
http://www.federalreserve.gov/Releases/h41/Current/

Total assets is around $900B. After liabilities, it is somewhere around $30B.

Answer 6

Technically no. They hold in trust the cash that the government prints etc and use it to fund banking activity.

Answer 7

like all good things, it has a limit.

Answer 8

I hear they missed a payment lately ...............

Answer 9

No.

Answer 10

no