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www.philosophyofmetrics.com Member ID Number Member Bank, Shareholder, and Owner Name. A long list of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks. . Arming ourselves with factual information on the system and how it actually functions are the beginnings to exacting substantial and purposeful change which could benefit all. a truly “federal” Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades. . These stocks can't be traded. Pursuant to the federal Freedom of Information Act, 5 U.S.C. Unlike the risky derivative debt, federal securities are considered “risk-free” for purposes of determining capital requirements, allowing the banks to improve their capital position so they can make new loans. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]. It is this list which has caused so much discussion and conspiracy surrounding the system itself. Given that less than one percent of the Fed’s net earnings are distributed as dividends, it seems that an investor could easily find much more profitable ways to store their wealth than buying Federal Reserve stock. A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. Usually, the number of votes a shareholder has is proportional to the number of shares he owns. Comment on Global Research Articles on our Facebook page, Disclaimer: The contents of this article are of sole responsibility of the author(s). To be a member of the Federal Reserve system, commercial banks must own shares of stock in the 12 regional Federal Reserve banks by law. Each list contains hundreds of line items which would make it meaningless to include directly in the content of this post. Members will receive more detailed analysis on macroeconomic trends and discussions on esoteric philosophy. According to the Fed’s website, the control Congress has over the Federal Reserve is limited to this: “[T]he Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute.”. Also unprecedented was the way the deal was funded. FEDERAL RESERVE B A N K O F S T . The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. 3. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. Once armed with factual knowledge the disorganized masses can organize around a social trust which is funded by tax dollars. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. These are banking institutions, trust funds, shareholders, and owners of each of the twelve regional Federal Reserve banks. Over the years there has been much written and discussed surrounding the actual ownership of the Federal Reserve System within the United States. The Fed announced on September 16 that it was giving an $85 billion loan to American International Group (AIG) for a nearly 80% stake in the mega-insurer. The Federal Reserve is the cornerstone of the American economy. As most readers will know, the Federal Reserve System is made up of twelve regional districts and banks. www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. The new control rule (Control Rule) expands the relationships that an investor can […] The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading. A smear campaign against McFadden ensued and he was poisoned 3 years later. Source: ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** - - Published 1983. The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells. Reuters reported on October 3: “The U.S. Federal Reserve gained a key tactical tool from the $700 billion financial rescue package signed into law on Friday that will help it channel funds into parched credit markets. Federal Reserve Bank (Reserve Bank) stockholders that have total consolidated assets above the threshold receive a … For just over a century, The Fed has overseen the financial system of the US, but its track record has been far from perfect. It was this money-creating process that prompted Wright Patman, Chairman of the House Banking and Currency Committee in the 1960s, to call the Federal Reserve “a total money-making machine.” He wrote: “When the Federal Reserve writes a check for a government bond it does exactly what any bank does, it creates money, it created money purely and simply by writing a check.”. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). . On January 30, 2020, the Board of Governors of the Federal Reserve System issued a final rule that would update and revise, to some degree, its framework for finding “control” under the Bank Holding Company Act of 1956, as amended (BHC Act). As such, to blame any particular group, or subgroup, for the calamitous results which Federal Reserve monetary policy has had on the world is futile and counterproductive to developing workable solutions to the challenges in this world of man-made things and systems. On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. The program will auction Treasury bills to raise cash for the Fed’s use. These increasingly controversial encroachments on the public purse warrant a closer look at the central banking scheme itself. For example, Citibank and JPMorgan are shareholders in the Federal Reserve Bank of New York because those banks have their headquarters in the Fed’s Second District, which includes New York. Considering the hegemonic role of the US dollar in this system, it is difficult to write about one while avoiding the other. Become Member of The list itself doesn’t breakdown ownership by regional Federal Reserve Banks. A smear campaign against McFadden ensued and he was poisoned 3 years later. So is the Fed private or public? As we know from watching the business news, “oversight” basically means that Congress gets to see the results when it’s over. The Federal Reserve System does earn a profit in the normal course of its operations, but these profits, above the 6% statutory dividend, do not belong to the member banks. At that time, their total assets were listed at $143,000,000, from the sale of shares in the Federal Reserve Banks to stockholders of the national banks which subscribed to it. Its shareholders are private banks. The Board of Governors in Washington, D.C., is an agency of the federal government and … The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. A Hidden Mystery – The 12+1 Symbolism of the Federal Reserve System, List of Federal Reserve Member Banks 1914, List of Federal Reserve Member Banks 2015, The Bitcoin Intelligence Operation and Communist China. § 552, I request access to and copies of a list of all (a) stockholders of and, if there are any differences, (b) member banks and other financial institutions of the Federal Reserve Bank. L O U I S January 3 1 , 1939. Both of these lists can provide years of additional research. Not the socialized form of capitalism which has used government regulation and legislation to reposition the system for the benefit of a few. This was covered here on POM recently in the post A Hidden Mystery – The 12+1 Symbolism of the Federal Reserve System. If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Fed’s website insists that it is not a private corporation, is not operated for profit, and is not funded by Congress. The Federal Reserve System is not "owned" by anyone. Each of the twelve regional Federal Reserve banks are made up from member banks in each region, as well as shareholders and owners. Though the lists do not define the percentage of ownership attributed to each line item, it is obvious that ownership of the system itself is more complex than most conspiracy theories and summaries would suggest. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London. 2015 LIST OF FEDERAL RESERVE BANK MEMBERS, SHAREHOLDERS, AND OWNERS Data compiled and presented by Philosophy of Metrics. This would be one of the most productive methods of rebalancing wealth based on the fairness of open and free capitalism. I have included a full list from May 27, 1914, which would be the initial member’s composition when the Federal Reserve Act was passed on Christmas Eve 1913. The Fed’s mandate was then and continues to be to keep the private banking system intact; and that means keeping intact the system’s most valuable asset, a monopoly on creating the national money supply. Chart 2. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.”, * “[The Federal Reserve] is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.”, * “The Federal Reserve’s income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations. List of Federal Reserve Member Banks 2015. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. The decision is the first such move since the global financial crisis 12 years ago, and limits how banks can spend their capital amid the coronavirus pandemic that has caused a sharp economic downturn. These trust funds can take controlling interests in each of the Federal Reserve Regional Banks. "Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank.  Free Books! It is intended to promote liquidity in the financing markets for Treasury and other collateral and thus to foster the functioning of financial markets more generally. The New York Times stated that the Federal Reserve Banks would be ready for business on August 1, 1914, but they actually began operations on November 16, 1914. Many of the bank’s stockholders reside in Europe. The Federal Reserve Banks differ essentially from privately managed banks in that profits are not the object of their operations, and their stockholders, which are the member banks of the Federal Reserve System, do not have the powers and privileges that customarily belong to stockholders of privately managed corporations." While I have ignored information promoting some sort of Jewish or Rothschild conspiracy surrounding the Federal Reserve, the fact remains that there are international banking interests that manipulate and direct the path of the monetary framework which governs the wealth of nations. Federal Reserve Bank of Boston. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. Federal Reserve Statistical Release H.8 puts the total “loans and leases in bank credit” as of September 24, 2008 at $7,049 billion. Member ID Number Member Bank, Shareholder, and Owner Name. The Associated Press called it a “government takeover,” but this was no ordinary nationalization. Which is why I suggest that the system is a reflection of the whole of the social trust, as opposed to some nefarious system which is covertly working against the disorganized masses. Federal funds are the reserve balances (also called Federal Reserve Deposits) that private banks keep at their local Federal Reserve Bank. However, ownership of Federal Reserve Bank stock entitles the shareholder to one vote when voting for its regional Among other benefits to the taxpayers. Now, it seems, the government is issuing bonds, not for its own use, but for the use of the Fed! The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. The purpose of POM has always been to function within well-disciplined research habits and present a factual thesis on the international monetary framework. The initiative aims to help the Fed manage its balance sheet following its efforts to enhance its liquidity facilities over the previous few quarters.”. I have included a full list from May 27, 1914, which would be the initial member’s composition when the Federal Reserve Act was passed on Christmas Eve 1913. The Federal Reserve Banks kept $283 million, and the remaining $231 million was paid to its stockholders as dividends. The only real leverage Congress has over the Fed is that it “can alter its responsibilities by statute.” It is time for Congress to exercise that leverage and make the Federal Reserve a truly federal agency, acting by and for the people through their elected representatives. In another bit of sleight of hand known as “fractional reserve” lending, the same reserves are lent many times over, further expanding the money supply, generating interest for the banks with each loan. Who owns the Federal Reserve, who actually controls it, where does it get its money, and whose interests is it serving? Monthly subscription cost of $15.00 or receive a 33% discount with a one year subscription cost of $120.00. On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company. The Board of Governors (Board) is publishing a final rule that applies an inflation adjustment to the threshold for total consolidated assets in Regulation I. Web of Debt and Global Research 8 October 2008, The original source of this article is Web of Debt and Global Research. Readers will observe with a casual review of the lists that the usual suspects are included, such as JP Morgan, Goldman Sachs, etc.. Except for coins, every dollar in circulation is now created privately as a debt to the Federal Reserve or the banking system it heads.4 The Fed’s website attempts to gloss over its role as chief defender and protector of this private banking club, but let’s take a closer look. copyright owner. Yahoo Finance reported on September 17: “The Treasury is setting up a temporary financing program at the Fed’s request. These balances are the namesake reserves of the Federal Reserve System. Ten percent of that is $700 billion. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Ben Franklin Financial, Inc. Has Received Stockholder and a Required Federal Reserve Board Approval in Connection with its Proposed Strategic Transaction … The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. Why is the Treasury issuing U.S. government bonds (or debt) to fund the Fed, which is itself supposedly “the lender of last resort” created to fund the banks and the federal government? The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. According to Wikipedia (which translates Fedspeak into somewhat clearer terms than the Fed’s own website): “The Term Securities Lending Facility is a 28-day facility that will offer Treasury general collateral to the Federal Reserve Bank of New York’s primary dealers in exchange for other program-eligible collateral. The Federal Reserve’s moving interest rates to near zero resulted in one of the most challenging interest rate environments in our 103-year history. These … Her eleven books include the bestselling Nature’s Pharmacy, co-authored with Dr. Lynne Walker, and Forbidden Medicine. The purpose of keeping funds at a Federal Reserve Bank is to have a mechanism for private banks to lend funds to one another. Federal Reserve Directors: A Study of Corporate and Banking Influence - Published 1983 The J. 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