Can U.S citizens invest contained by the Federal Reserve?
I heard that the federal reserve is owned by other inhabitants in other countires ,is near a way ancestors can invest in the Federal reserve .Answers: No, stock ownership of Federal Reserve district bank is restricted to national banks and faultless state banks. Private individuals, corporations, and foreign government are not allowed to own Federal Reserve stock. This is surrounded by accordance to law. Additionally, Federal Reserve stock is for a while different than the stock of a corporation. Federal Reserve stock does not confer any rights of ownership to the holder beyond the par value of the stock. The stock does discharge an annual 6% dividend, but that is going on for it. Member banks are required to subscribe to a specific amount of Federal Reserve stock. This amount is set by canon and the member guard cannot subscribe to anymore or any less than the specified amount. National bank, are required to become members and state bank may become members of the system if they come upon certain requirements.
EDIT: BTW, the decree that governs the Federal Reserve is Title 12 U.S.C. Chapter 3. http://www.law.cornell.edu/uscode/html/u...
As an afterthought, the law does allow for a private individual to hold a small amount of Federal Reserve stock. However, the individual would own to convince the Federal Reserve to sell it to them because the stock is not traded and I can almost guarantee they won't.
http://www.law.cornell.edu/uscode/html/u...
You hear wrong.
US citizens do invest in the Federal Reserve -- near our taxes.
Perhaps what others meant is that foreign investors are buying profusely of US bonds.
The federal reserve is not owned by anyone.
It is a federal department, like the FBI, TSA, CIA.
It is federally funded and regulated, you can't invest contained by it.
It is not a private bank.
"The single thing Federal something like the Federal Reserve is it's name."
it is private not a political affairs institution like the CIA
Why does a penny cost five cents to trademark and a nickle cost a dime?
and why is the federal reserve privately owned?Answers: Actually a penny costs $.02 to make.
It costs so much, because of the amounts it costs to buy the metal and the salary needed to produce and ship the finished coins.
The other night I JUST caught a short time bit of a program about the gov't. thinking of doing away next to the penny. BUT that's just a thought or judgment of one person working at one of the mints.
The federal reserve is privately owned, because a group of lobbyists get together and convinced Congress and the President it would be in the best interest of the country to enjoy the gov't.'s own banking system "at arm's length" or separate from the senate.
Congress and the President agreed. A bill was written and passed. The President signed the bill and the bill become law. That's how the Fed is privately owned.
Thanks for asking your Q! I enjoy answering it!
VTY,
Ron Berue
Yes, that is my actual last nickname!
The Federal Reserve isn't privately owned. It's separate from the Treasury Dept. but it isn't privately owned and the best proof of this is that the Chairman of the Fed is appointed by the President and has to be confirmed by Congress.
And who care how much it costs to make a penny or a nickle. The mint isn't trying to cause a profit, their job is simply to facilitate trade by making the coins.
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