JohnBT
Member
Interesting link to the Federal Reserve system, isn't it. Now if only people would read it all.
"It is not "owned" by anyone and is not a private, profit-making institution."
"the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute."
"the Reserve Banks issue shares of stock to member banks"
"The stock may not be sold, traded, or pledged as security for a loan"
"It is not "owned" by anyone and is not a private, profit-making institution."
"the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute."
"the Reserve Banks issue shares of stock to member banks"
"The stock may not be sold, traded, or pledged as security for a loan"