The Fed

kidcollins

Do we know who owns the Federal Treasury? It is amazing how many people think the government owns this "company". I believe it's privately owned, but I've never heard the media or anyone raise the question of who owns this "lending institution".

chadwick

kidcollins wrote:

Do we know who owns the Federal Treasury? It is amazing how many people think the government owns this "company". I believe it's privately owned, but I've never heard the media or anyone raise the question of who owns this "lending institution".

big ass money....high dollars mega double mega real big ass dollars bankers
the rothchilds & the likes

Last-12-Exit

the question isn't who owns it. the question is why can't we see the books?
the fed is responsible for our debt, in fact, they thrive on it.

where ya at unsung??

mikepegg44

First, let's clarify, the US gov't runs the US treasury. The Treasury sells bonds to the federal reserve.

Second, IMO no one cares about the federal reserve, what it does, or how it does it. People as a mass unit generally cannot be bothered with overly complicated things that aren't seen as directly affecting their lives. I don't spend my down time truly learning about theoretical physics or geology, why would a social worker spend their free time learning about the central bank and the banking system in general?

It isn't privately owned in the traditional sense, member banks by stock in the regional arms of the federal reserve I believe. They get paid a dividend on the profits the Fed makes, and the rest goes back to the treasury.

DriftingByTheStorm

I agree that no one gives a shit (no one being 90+ % of the people)
but FWIW,

a. The Federal Reserve Board (of Govenors) owns nothing. It is the quazi-federal (beholden to no one, no checks or balances) policy setting arm of the Federal Reserve System. 14 members all appointed by the President.

b. The Federal Reserve BANKS are ENTIRELY OWNED BY BANKERS. There are TWELVE regional federal reserve banks. BY LAW, ALL ownership of each Reserve Bank must be entirely of licensed *commercial banks*. That is to say, if you are not a commercial bank, you can NOT buy membership in the Federal Reserve.

c. ACTUAL OWNERSHIP:
has, as far as I know, only been printed publicly ONE time, and ONLY for the New York Federal Reserve Bank, not for the other 11. This list was, I believe, run in the New York Times (and I want to say it was the early 1980's), and I have never been able to find it on the internet. The only photographic record of It I know of is in the book, The Creature From Jekyll Island. It is literally a table with the names of the banks, and their shares of stock.

Seeking Alpha has done it's homework as well:
http://seekingalpha.com/article/123381-who-owns-the-fed


JP, Citi, and NY Mellon are the three I can remember as standouts from the 1980 newspaper blurb (actually i think JP and Chase Manhattan were still seperate, so that is 4). All near the top. Unfortunately I lent my copy of The Creature out in exchange for The Old Boys some time ago. So I can not pull it up for you. :(

DriftingByTheStorm

ps - i think Unsung may actually have a copy of this book.
Maybe he can dig it up for you.
Probably one of 10 pictures in the entire book.
lol.