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Can State Legislatures audit the federal reserve banks that cover districts within their state?
Wiki User
∙ 13y ago
No, that is the job of the federal government. The state governments have no jurisdiction in the matter.
Wiki User
∙ 13y ago
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Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
Who defines congressional districts?
The process of establishing Congressional districts varies state to state. Some states have their legislatures draw the districts, while others have independent nonpartisan commissions instead.
What is the number of federal administrative districts within the Russian federation?
7
Who are the members of the Federal Reserve Open Market Committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
Who owns the securities at the Federal Reserve?
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States.The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution.However, the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute.
Who are the members of the Federal open market committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
What functions do state legislatures perform within the larger federal system?
No direct function within the Federal System. It is possible though that legislation coming from a State's Legislature may be appealed upward through the Federal Court System.
Federal Reserve System what percentage of stock ownership represents a controlling shareholder?
Only banks can own stock in the Federal Reserve banks. However, this stock ownership does not provide the members banks with any control over what the Federal Reserve system does. Any bank that wants to become a member of the Federal Reserve Bank within their Federal Reserve District must invest a certain percentage of their capital in Federal Reserve stock. The Federal Reserve will pay dividends on this stock but banks do not become controlling shareholders as a result of these investments. The individual Federal Reserve banks are controlled (for lack of a better term) by the boards of directors of the Federal Reserve banks and by the board of governors in Washington, D.C.
Why cant we just tax the federal reserve for living in America?
For the same reason you cannot lift yourself into the air by pulling on your boots. The Federal Reserve does not "live in America". It is a system that manages the flow of cash within the country. It is the bank that is used by banks. You need to go study the Federal Reserve Bank.
How many federal bank branches are there?
There are twenty-five branch banks, located within defined areas of the Reserve Banks.
Which economist believe governmental interference has destroyed true consumer sovereignty?
Capitalism and its followers believe the fault lies within the Federal Reserve.
Political districts within a city for city council elections?
These districts are called wards.
