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I'm not sure how your quote is relevant to the statement that the Federal Reserve is part of the US government. The Federal Reserve is "independent within the g

I'm not sure how your quote is relevant to the statement that the Federal Reserve is part of the US government. The Federal Reserve is "independent within the government" [1] not separate from the government. There's a whole page on the Federal Reserve website's FAQ section dedicated to explaining this. Your quote seems to be about how commercial or State banks apply to become a part of the Federal reserve system. 1. https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm

geggam 8y ago
Can you not read ? "Any" bank can become a member. It is quite clear in plain english.
- manfredo 8y ago
  Your point? The Federal reserve system is still part of the government. The banks that joined it form the sub-branches of the federal reserve system: https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm https://www.federalreserve.gov/aboutthefed/structure-federal... Any natural born citizen can become a member of Congress (provided they are over 30 iirc). Does it follow then that Congress is not a part of the government because any persom can become a part of it. A formerly private citizen now sits in the white house. Does it follow that the executive branch is not part of the government? I cannot comprehend why the fact that non-government entities can joint a government entity makes you think the latter ceases to be part of the government.
  - dragonwriter 8y ago
    > Any natural born citizen can become a member of Congress (provided they are over 30 iirc) Tangentially, both the age and natural born citizen requirements are wrong; the minimum for a member of Congress are the requirements for the House, where you must be a citizen for at least 7 years, 25 years old, and an inhabitant of the State you represent. For the Senate, the age requirement is 30 and the citizenship requirement is 9 years.
- xnyan 8y ago
  Let's get down to brass tacks. There are 0 realities in which the fed could go off and say, buy a yacht for every board member or invest in Russian spy operations - whatever the law says, they are considered by the US and operate as effectively a branch of the US government. If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it
  - dragonwriter 8y ago
    > If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it Pedantically, it's an independent executive agency [0], not a branch (that term refers to the Executive, Legislature, and Judiciary); like other such agencies it has a governing board appointed by the President and confirmed by the Senate. [0] https://www.federalreserve.gov/faqs/about_12799.htm https://www.federalreserve.gov/faqs/about_12799.htm (doesn't use the term “executive”, but that's often omitted in discussing such agencies.)

geggam 8y ago

Can you not read ? "Any" bank can become a member. It is quite clear in plain english.

manfredo 8y ago
Your point? The Federal reserve system is still part of the government. The banks that joined it form the sub-branches of the federal reserve system: https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm https://www.federalreserve.gov/aboutthefed/structure-federal... Any natural born citizen can become a member of Congress (provided they are over 30 iirc). Does it follow then that Congress is not a part of the government because any persom can become a part of it. A formerly private citizen now sits in the white house. Does it follow that the executive branch is not part of the government? I cannot comprehend why the fact that non-government entities can joint a government entity makes you think the latter ceases to be part of the government.
- dragonwriter 8y ago
  > Any natural born citizen can become a member of Congress (provided they are over 30 iirc) Tangentially, both the age and natural born citizen requirements are wrong; the minimum for a member of Congress are the requirements for the House, where you must be a citizen for at least 7 years, 25 years old, and an inhabitant of the State you represent. For the Senate, the age requirement is 30 and the citizenship requirement is 9 years.
xnyan 8y ago
Let's get down to brass tacks. There are 0 realities in which the fed could go off and say, buy a yacht for every board member or invest in Russian spy operations - whatever the law says, they are considered by the US and operate as effectively a branch of the US government. If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it
- dragonwriter 8y ago
  > If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it Pedantically, it's an independent executive agency [0], not a branch (that term refers to the Executive, Legislature, and Judiciary); like other such agencies it has a governing board appointed by the President and confirmed by the Senate. [0] https://www.federalreserve.gov/faqs/about_12799.htm https://www.federalreserve.gov/faqs/about_12799.htm (doesn't use the term “executive”, but that's often omitted in discussing such agencies.)