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AFAIK the shareholders of the Fed are not publically known, are you suggesting that the identity of these shareholders is public knowledge?
by ZenoArrow 11y ago
AFAIK the shareholders of the Fed are not publically known, are you suggesting that the identity of these shareholders is public knowledge?
- 7Figures2Commas 11y agohttp://www.federalreserve.gov/faqs/about_14986.htm http://www.federalreserve.gov/faqs/about_14986.htm
- ZenoArrow 11y agohttps://en.m.wikipedia.org/wiki/Structure_of_the_Federal_Reserve_System https://en.m.wikipedia.org/wiki/Structure_of_the_Federal_Res... "The U.S. Government does not own shares in the Federal Reserve System or its component banks, but does receive all of the system's annual profits after a statutory dividend of 6% on their capital investment is paid to member banks and a capital account surplus is maintained." So part of their profits go to member banks. Who are the member banks that profit from these dividends?
- omarchowdhury 11y agoProbably the ones with the most money.
- ZenoArrow 11y agoThat's a reasonable assumption, but I'd rather have a list of the companies involved.