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The Fed is owned by the member banks. The NY Fed is owned by the most powerful banks, the NY banks. So, they are like the GSE's only more private, not public with stocks on the market. You are correct about that.They are as private as the GSE's. Just because the Fed won't let a bank fail doesn't mean it is public.
They are not private like the GSEs. The GSEs had publicly traded stock that didn't hand over almost all of their profits to the government. Nor did the government implement monetary operations through the GSEs.
As for your post about the Fed being audited. Not the dividends that go to who knows who!
They receive 6 percent interest because they can. That is what needs auditing and Barney Frank called for the audit before Ron Paul. Years before Ron Paul.
They aren't doing this chit for free. They make money at it or they wouldn't do it at all.
You keep saying they don't pocket the money, and that they give it all back anyway so why charge a 6% fee at all if they are going to give it back. They don't. They keep that profit unless you believe they are so nice that they just return it all and say to the Treasury they are just keeping it safe for the Fed................
So, according to the last site listed they include the payments as an expense of doing business.........So they keep the 6%..........
They aren't doing this chit for free. They make money at it or they wouldn't do it at all.
Does the FBI make a profit? Then why do they do it at all?
so why charge a 6% fee at all if they are going to give it back.
Where do you think the Fed charges a 6% fee?
I quoted it already in two different articles. Stock holders of the Fed can charge dividend fees of 6%. It's in the Federal Reserve Act, and shown on the other articles posted. Again using Fractional Banking that you know damn well exists.....................I've shown you the Federal Reserve saying the same in the past.
The Fed has STOCK HOLDERS who are not part of the Gov't...........They get paid when they create the loans to buy the bonds and as one article has said it's CALLED EXPENSES.................
Why the fuck do we need the damn Federal Reserve at all......................End it and let the Treasury do the whole damn thing as the CONSTITUTION STATES..............Since they give it all back according to you they should be HAPPY to give it back.................
They don't make squat according to you...........And if a frog had wings he wouldn't bumb his butt when he jumped................The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders when to leave so they can reap the benifits of a crash.................It's all BS........
Abolish the Federal Reserve
They manipulate and then fuck the nation. They are parasites, and if you agree with them then you are included.
Stock holders of the Fed can charge dividend fees of 6%.
They get 6% of the capital they paid in, not 6% of all outstanding debt.
The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders
LOL! The Fed doesn't buy stocks.
No, it just loans money to other banks that buy stocks, and one of the sites already posted said member banks get stocks for Dividend payments...............
Banks are currently borrowing $14 million from the Fed at the Discount Window. Big deal.
If a site said the Fed gives stock as a dividend payment, they lied.
The dividends go back to the member banks. That audit that the Fed banks undergo every year details the regional banks' cash flows.
The "ownership" of the regional Federal Reserve banks are unlike typical equity in a bank. All members get one vote no matter the size, shares are nonstransferrable and their voting power is limited. IIRC, there are nearly 1000 banks that are part of the New York Federal Reserve Bank, and JP Morgan has just as much power as Podunk Bank upstate.
You still trying to prove yourself an idiot by claiming a particular window at the fed discount window that is not currently being used is the only fed action being used at this point in time?
Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
The US government goes into massive debt. So, how does the treasury win? The treasury could get 100 percent return just by printing its own money!!! Instead, it lets the Fed create money, and it only gets 80 percent back.Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
You count em. You can start here on page 24:You still trying to prove yourself an idiot by claiming a particular window at the fed discount window that is not currently being used is the only fed action being used at this point in time?
Add up all the other programs outstanding that you feel I'm ignoring.
What's the number?
The money is backed by nothing, it's invented out of thin air, it gets lent out, then the fed gets it back plus interest. We get 80% of the profit (interest paid) put into the treasury to spend, with the other 20% going to the fed operations. If the fed needs more money to lend it writes itself a magic check backed by vapor.The US government goes into massive debt. So, how does the treasury win? The treasury could get 100 percent return just by printing its own money!!! Instead, it lets the Fed create money, and it only gets 80 percent back.Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
Yeah cause getting to borrow money from the American taxpayer for practically zero interest is worthless.
The US government goes into massive debt. So, how does the treasury win? The treasury could get 100 percent return just by printing its own money!!! Instead, it lets the Fed create money, and it only gets 80 percent back.Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
You count em. You can start here on page 24:You still trying to prove yourself an idiot by claiming a particular window at the fed discount window that is not currently being used is the only fed action being used at this point in time?
Add up all the other programs outstanding that you feel I'm ignoring.
What's the number?
http://www.newyorkfed.org/research/staff_reports/sr563.pdf
See a description here under the new facilities entry:
Federal Reserve System - Wikipedia the free encyclopedia
We've discussed these before why are you acting ignorant when you already know the answer?
You count em. You can start here on page 24:You still trying to prove yourself an idiot by claiming a particular window at the fed discount window that is not currently being used is the only fed action being used at this point in time?
Add up all the other programs outstanding that you feel I'm ignoring.
What's the number?
http://www.newyorkfed.org/research/staff_reports/sr563.pdf
See a description here under the new facilities entry:
Federal Reserve System - Wikipedia the free encyclopedia
We've discussed these before why are you acting ignorant when you already know the answer?
Some idiot on this thread, not you, claimed that banks borrow money from the Fed to buy stock.
If you find any programs like that on the Fed website, let me know.
