which families own the Federal Reserve?

Answer 1

The Federal Reserve systems is complicated, but it is not "owned" by the Rothschilds or the Bank of England or any other private entity. In fact, the structure of the Federal Reserve Board and the 12 Federal Reserve district banks is defined BY LAW under U.S. Code, Title 12, Chapter 3.
http://www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_3.html

I don't have the space here to give a complete class on the Federal Reserve System, but I'll give a brief overview which can be verified in a number of ways.

The Board of Governors, located in Washington, D.C., provides the leadership for the System.

The Board of Governors, also known as the Federal Reserve Board, 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.

Among the responsibilities of the Board of Governors are to guide monetary policy action, to analyze domestic and international economic and financial conditions, and to lead committees that study current issues, such as consumer banking laws and electronic commerce.

The Board also exercises broad supervisory control over the financial services industry, administers certain consumer protection regulations, and oversees the nation's payments system. The Board oversees the activities of Reserve Banks, approving the appointments of their presidents and some members of their boards of directors. The Board sets reserve requirements for depository institutions and approves changes in discount rates recommended by Reserve Banks.

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. Currently, it is 3%. 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. These member banks don't really 'own' the Federal Reserve. The stock structure is setup so the Federal Reserve system can have some control over the member bank reserves and to offset the lost ability to generate revenue from the mandatory reserves. This stock also does not confer any ownership rights beyond the par value of the stock. In other words, in the event a Federal Reserve district bank was closed, member banks of that district would only get the amount of money they paid in to subscribe to the shares. All excess assets and capital would remain the property of the U.S. Government.

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.

Another interesting fact: The Federal Reserve is required to return interest collected less a small amount for operations on U.S. Government securities to the U.S. Treasury. In 2006, the Federal Reserve collected $36.5 billion on the $770 billion in U.S. Government debt that it held. Of that amount, $29.1 billion was returned to the U.S. Treasury. Don't believe me? Check the INDEPENDENTLY AUDITED financial statements of the Federal Reserve banks for yourself. They can be found in the Federal Reserve's ANNUAL REPORT to Congress.
http://www.federalreserve.gov/boarddocs/rptcongress/annual06/pdf/audits.pdf

Answer 2

The most popular answer given was created by CIA, most likely. The Federal Reserve is owned by the banking families of the Rockefellers, the Rothschilds, and others. Yes, it's privately owned. Research into the creation of the BIS, the IMF, the World Bank, and most importantly the Round Table. Some nice bs propaganda going on this thread

Answer 3

The Federal Reserve is not owned by a family. Perhaps this website will help you understand more about it. Just click on the question you've ask once you're in the site and it will take you to the answer.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5

Answer 4

None, or All ... take your pick of answer.

The federal reserve is not owned by some stock holders, like an individual bank, rather it is owned by the entire USA, so all families in America (who are here legally, or can prove they here legally) have a piece of this action.

Answer 5

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Answer 6

the federal government

Answer 7

try looking up Federal Reseve in phone book under Government ... not listed.
Congress established in 1977, that the Fed IS a privately owned bank (European banking families since early 20th century )...
try doing some REAL research instead of looking at Federal Reserve websites... WE ALL KNOW BANKERS CASNNOT BE TRUSTED! They lie!
I can change my name legally to Federal Smith... doesn t mean I owned by US Governement!)

Answer 8

I heard it is ran by the World Bank in France and charges big interest to the US for profit.

Rockefeller is one of the families I could remember reading about.

Other then that I don't know

Answer 9

Mine does (any everybody I know)! If you are an American, so does yours.

Answer 10

the bushes.