The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation’s central bank . The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.
The big reveal for year-end 2018: Citibank, the No. 1 institution on the roster, held 87.9 million New York Federal Reserve Bank shares – or 42.8 percent of the total. The No. 2 holder stockholder was JPMorgan Chase Bank , with 60.6 million shares, equal to 29.5 percent of the total.
That $600 billion also equals the combined wealth now hoarded by just five American families — specifically, the Walton , Bezos , Koch , Gates, and Mars clans.
Top 10 of the Wealthiest Families in the World Walton Family – Walmart. Estimated Wealth: $190.5 billion1 Mars Family – Mars. Koch Brothers – Koch Industries. Al Saud – Saudi Royal Family . Wertheimer Family – Chanel. Dumas Family – Hermès. Van Damme, De Spoelberch and De Mevius Families – Anheuser-Busch InBev. Boehringer, Von Baumbach Families – Boehringer Ingelheim.
The Federal Reserve Banks provide financial services to banks and governmental entities only. Individuals cannot, by law, have accounts at the Federal Reserve .
New York Federal Reserve district
Federal Reserve Bank of New York
The US Federal Reserve is a privately owned company (controlled by the Rothschilds , Rockefellers and Morgans) and prints the money for the US Government. The true power of the Rothschilds goes far beyond the banking empire: they are also behind all wars since Napoleon.
What happens to these profits ? They are remitted back to the US Treasury. From 2009 through 2019, the Fed sent an average of $77 billion every year to the US Treasury. In 2015, a record $97.7 billion was credited to the Treasury’s account at the Fed .
The president can and will take control of the Fed . It may be recalled when the law was written creating the Federal Reserve the secretary of the Treasury was designated as the head of the Federal Reserve .
In 2016, 75% of the world’s central – bank assets were controlled by four centers in China, the United States, Japan and the eurozone. The central banks of Brazil, Switzerland, Saudi Arabia, the U.K., India and Russia, each account for an average of 2.5 percent.
No, the Fed is not allowed to buy stocks , they are allowed to buy government securities in open market operations in order to achieve the target rate for the federal funds rate.
The chairman of the Federal Reserve Board is the active and most visible executive officer at the Federal Reserve Board. The chairman provides leadership and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range.