Is the Federal Reserve privately owned by international bankers?

Answer 1

The structure and status of the Federal Reserve is CLEARLY defined BY LAW. U.S. Code, Title 12, Chapter 3 covers the structure and governance of the Federal Reserve system. http://www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_3.html

If people would learn how the Federal Reserve system works and how it is structured they wouldn't base their beliefs on conspiracy theories or some quote taken out of context.

The Federal Reserve System is controlled by a Board of Governors, also known as the Federal Reserve Board. The Board of Governors, located in Washington, D.C., provides the leadership for the System.

The Board of Governors is the national component of the Federal Reserve System. The board consists of the seven governors, appointed by the president and confirmed by the Senate. Governors serve 14-year, staggered terms to ensure stability and continuity over time. The chairman and vice-chairman are appointed to four-year terms and may be reappointed subject to term limitations.

A network of 12 Federal Reserve Banks and 25 branches make up the Federal Reserve System under the general oversight of the Board of Governors. Reserve Banks are the operating arms of the central bank.

Each of the 12 Reserve Banks serves its region of the country, and all but one have other offices within their Districts to help provide services to depository institutions and the public. The Banks are named after the locations of their headquarters-Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

The Reserve Banks serve banks, the U.S. Treasury, and, indirectly, the public. A Reserve Bank is often called a "banker's bank," storing currency and coin, and processing checks and electronic payments. Reserve Banks also supervise commercial banks in their regions. As the bank for the U.S. government, Reserve Banks handle the Treasury's payments, sell government securities and assist with the Treasury's cash management and investment activities. Reserve Banks conduct research on regional, national, and international economic issues. Research plays a critical role in bringing broad economic perspectives to the national policymaking arena, and supports Reserve Bank presidents who all attend meetings of the Federal Open Market Committee (FOMC).

Each Reserve Bank's board of directors oversees the management and activities of the District bank. Six of the nine board members of a district bank are selected by the member banks with approval of the Board of Governors. The other three board members are chosen directly by the Board of Governors. Reflecting the diverse interests of each District, these directors contribute local business experience, community involvement, and leadership. The board imparts a private-sector perspective to the Reserve Bank. Each board appoints the president and first vice president of the Reserve Bank, subject to the approval of the Board of Governors.

All member banks hold stock in Reserve Banks and receive dividends. Unlike stockholders in a public company, banks cannot sell or trade their Fed stock and the amount of stock held by each member bank is set by law to a certain amount of the member banks' capital. This allows the Fed to have some direct control over a portion of the reserves a member bank is required to have. Reserve Banks interact directly with banks in their Districts through examinations and financial services and bring important regional perspectives that help the entire Federal Reserve System do its job more effectively. Additionally, by law, private individuals, non-banking corporations, and foreign corporations cannot own more than a tiny amount of Federal Reserve stock and these small owners have no say in the operation of the banks.

Approximately 38 percent of the 8,039 commercial banks in the United States are members of the Federal Reserve System. National banks must be members; state-chartered banks may join if they meet certain requirements. The member banks are stockholders of the Reserve Bank in their District and as such, are required to hold 3 percent of their capital as stock in their Reserve Banks.

As far as reserves, the Federal Reserve Board of Governors sets requirements for the amounts that member banks and depository institutions must set aside in the form of reserves. Reserve requirements act as a control on the expansion of money and credit and may be raised or lowered within limits specified by law (lowering reserve requirements allows more bank lending and money growth; raising requirements, less lending and money growth).

Another interesting fact: The Federal Reserve owns outright $11 billion in gold reserves as evidenced by the Fed's balance sheet. http://www.federalreserve.gov/Releases/h41/Current/

Another interesting fact #2: The Federal Reserve is required by law to rebate interest collected on U.S. Government debt to the U.S. Treasury.

Another interesting fact #3: The Federal Reserve only holds about 8% of the total U.S. debt. Another 44% is held by THE U.S. GOVERNMENT! Yes, the government lends money to itself. Only about 47 to 48% of the total U.S. debt is held by private individuals, corporations and foreign governments.
http://www.fms.treas.gov/bulletin/index.html
http://www.treasurydirect.gov/NP/BPDLogin?application=np

Finally, individual income taxes do not all go to pay the interest of government debt. A little common sense can show that they don't. Current government debt is $8.8 trillion. The government collected $1.04 trillion in individual income taxes in 2006. In order for all income taxes to pay for interest on the debt, the interest rate would have to be 11.8%. It is not anywhere near that. Interest rate on government debt is usually between 4 and 5%.

Answer 2

congrats on the revelation now while your enlightened on this subject search McFadden VS Federal Reserve. just to keep things interesting check out how he mysteriously died and the near misses a few weeks before, Also might ought to look up the Rothschild family. this whole concept has been tried and failed Before.Whether its private or vaguely a part of our goverment doesn't matter it's just a new name for the three failures before it. Bank of North America (1781 1785) The First Bank of the United States (1791-1811) The second Bank of the United States 1816-1832) Given the FEDS track record it will soon add its name to the this list.

Answer 3

Yes. It's a private institution that prints american money at an interest.

It's owned by Chase Manhattan, Citibank and others.

The Rockefellers and The Rothschilds among other families own it.

There is absolutely no reason that America can't print their own money.

By the way it's mostly foreign and jewish owned as well.

Kennedy was the last president that tried to stop this and have America print it's own money at no interest and look what happened to him.

Weird but true. These bankers are the true rulers of our country. The Rothchilds in particular control the money supply of almost every industrialized nation in the world. They are trillionaires.

Answer 4

The Federal Reserve is as federal as Federal Express. It's a privately owned corporation, incorporated in Delaware, and governed by the Federal Reserve Board. The Federal Reserve Board is appointed by the president from a list of candidates given to him by the Federal Reserve's shareholders. The names of the shareholders are secret. Money is created out of nothing and loaned to the gov't at interest. Your Federal income tax does not go to pay for even 1 social service. Military is paid for by corporate taxes which are returned to them when the gov't purchases goods for the military, highways are paid for with gasoline taxes, schools are paid for with local property taxes, etc. The Federal Income Tax only pays for the interest on the debt which is created in the creation of money. Not to mention that local, state and federal gov'ts own 70% of stock on the stock market which earns tremendous profit and is not reported in mainstream media. If you read the Comprehensive Annual Financial Reports(CAFR) for every state as well as the federal gov't, you will see that gov't (at all levels) makes a profit of about $80 trillion dollars annually. The public is only told about the 4 or 5 trillion that is paid in taxes.

Answer 5

It's privalely owned.

http://video.google.com/videoplay?docid=-154934991915638412&total=35&start=0&num=10&so=0&type=search&plindex=3

Answer 6

The bank of Canada and England are and I've heard the Fed is to. They are the Rothschild's presently of France.

Answer 7

Yes it is........it isnt federal at all.They sell currency to the govt even though the Congress has the pwer to veto this and print their own money.

Answer 8

Yes, this independent film offers more in-depth information and clearly explains the relationship, that is, if you are ready for the entire truth:

http://www.zeitgeistmovie.com/