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How do you serve federal national mortgage association?
who is registered agent for federal national mortgage association
How much money do banks hold?
1. False. The Federal Reserve System was created by the Federal Reserve Act, and passed by both houses of Congress just prior to Christmas recess on December 22, 1913. Section 5 of the Act calls for a member bank to buy and hold stock in a district Federal Reserve Bank equal to 6% of its capital and surplus. For example, as of 1983, ten major New York City banks owned approximately 66% of the outstanding stock in the Federal Reserve Bank of New York. That Bank in turn owns a portion of the stock in the Federal Reserve Bank of the U.S. together with the eleven regional member banks. A review of the major stockholders of the ten New York city banks clearly shows that a few families related by blood, marriage or business interests control those 10 New York city banks, which in turn, hold the controlling stock in the Federal Reserve Bank of New York. In addition, approximately 38% of the stock of the Federal Reserve Bank of New York (as of 1983) was held by banks that are subsidiaries of foreign banks, namely the House of Rothschild which controls the Bank of England. The fact that the Federal Reserve System is controlled by private interests is one of the best kept secrets in American history. 2. False. Article 1, Sec. 8 of the U.S. Constitution provides that "The Congress shall have power to borrow money on the credit of the United States...and to coin money, regulate the value thereof, and of foreign coin, and fix the Standard of Weights and Measures." According to the National Recovery Act (NRA) decision in the 1930's, Congress can not delegate the power to coin money to the Federal Reserve System. However, during the great depression and during Franklin D. Roosevelt's first term as President, the U.S. went off the gold standard and gold and silver Treasury Certificates were gradually replaced by Federal Reserve Notes Which are "coined" by the Fed in violation of the Constitution. 3. False. Prior to 1933, the Federal Reserve Act required that a portion of the earnings of the Federal Reserve Banks go to the government, but the banks never complied. The Banking Act of 1933 legislated that all earnings of the Federal Reserve Banks go to the banks themselves. The assets of the Federal Reserve Banks increased from $143 million dollars in 1913 to $45 billion dollars in 1949, which enriched all of the shareholders of the banks. There is no evidence that the law or the method of accounting of earnings has changed since 1949. 4. False. The Fed has no restriction on the amount of money it can create since the U.S. went off the gold standard in the 1930's. As Congressman Wright Patman said in 1964, " The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ....debt which the American people are obliged to pay with interest." In 1958 the U.S. owned $700 million ounces of gold. Today the nations bullion reserves have dwindled to a mere 281,000,000 ounces ($100 billion dollars) which is minuscule in relationship to the amount of paper currency in circulation and the amount of Treasury debt. The goal of the Fed is to make gold irrelevant as a measure of monetary value so it can continue to print an unlimited amount of paper currency. 5. False. Despite numerous attempts by Congressman Wright Patman and others who have called for an audit of the books of the Federal Reserve System, no audit has been made available to the public since the System was founded in 1913. On March 1, 1982, the Arizona State Legislature, as well as a number of other states passed a resolution calling for the abolishment of the Federal Reserve System. All efforts to expose and change the System have been thwarted. 6. False. Easy, Fed monetary policy in the late 1970's led to double digit inflation and a prime rate that eventually reached 21.5% in 1981. This caused the collapse of the Savings and Loan Industry. Congress, accommodating the banking lobby, passed the Garn-St Germain Act to bail out the Savings and Loans. Stimulated by a rush of new money created by the Fed, attractive real estate tax laws, and the authority to directly invest in real estate deals, the Savings and Loans quickly created a speculative bubble of overvalued real estate. By 1990 the massive amount of bad real estate loans caused a banking crisis. The Resolution Trust Corp. was formed to market foreclosed real estate, and the biggest write down of real estate assets since the Great Depression began. Thus, in a period of 12 years, the Fed was obliged to bail out both the Savings and Loan and the banking industries as a direct result of its own monetary policy. Incredibly, the losses were absorbed, not by the Fed, but by the taxpayers and the shareholders of the local institutions that collapsed. Millions of Americans went bankrupt in the early 1990's and to this day don't understand what happened. 7. False. The history of the Federal Reserve System in the U.S. is a study of money and power and its ability to determine world events. A small group of elitists, their successors and assigns have been able to influence public opinion through control of the media, elect or discharge Presidents and politicians, make wars and cause economic booms and busts. Neither the President of the U.S., nor the Chairman of The Federal Reserve Board act independently. They both hold office at the discretion of those who control the Federal Reserve System and those wealthy elitists who are intent on establishing a New World order. Alan Greenspan said in 1966 "The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit." Greenspan's view changed dramatically after he became a director of J.P. Morgan and Co. and later the Fed Chairman. 8. False. The markets and the demand for money ultimately determine interest rates. The fed sets in the Discount Rate (the rate at which member banks borrow from the Fed) and the Fed Funds Rate. (the rate which banks charge each other on overnight funds) Both of these rates are short-term interest rates. At present the Fed is increasing these rates while at the same time maintaining that inflation is only 2.6% and not a problem. Low rates and an increase in the money supply have fueled a "speculative bubble" in the stock market. Additional increases in rates could slow the economy and cause a market crash. The Fed has found itself again in a dilemma which it created. 9. False. The fed has acted directly as bank of "last resort." Normally, loans to other countries would be made by the International Monetary Fund, the Bank of International Settlements or other entities which are primarily funded by the Fed. In the case of Mexico, however, the Fed made a loan directly to that country after the President by-passed Congress and issued an Executive Order. Reliable sources indicate that the Fed has recently delivered approximately $40 billion newly printed $100 bills to Russian banks which are controlled by the Russian Mafia. Since 1940 the U.S. dollar has lost 94% of its value. The prolific printing of our currency, the mounting $5.3 trillion in Federal Debt and the widening trade deficit could soon result in the crash of the U.S. dollar and disastrous ramifications for Americans. 10. True. 66% of the Gross Domestic Product (GDP) in the U.S. is consumer spending, and the spending habits of the American people are greatly influenced by the cost of money. Understanding an overview of how the Fed works and anticipating a major shift in monetary policy can be extremely critical for a business person as well as an investor. The bottom line question is: Whose interest does the Federal Reserve serve? The bankers or the people? Now you know the answer to that question. SOURCE: "Secrets of The Federal Reserve" by Eustace Mullins. Available from We Hold These Truths for $15.00. --- The ABCs Of The Fed From Brasscheck
What is the job description of banker?
Job descriptionMore in this sectionJob descriptionSalary and conditionsEntry requirementsTrainingCareer developmentEmployers and vacancy …Related jobsPrint all pages in this sectionCase studiesBanker: Tom BartonA banker helps individuals or businesses raise funds to purchase things (such as new machinery or homes), assist in the movement of money via payment mechanisms, and to provide ways to invest excess funds, such as savings accounts and bonds.Retail bankers serve individuals, often from high street branches, but increasingly via telephone and online services. This also includes building society staff. Private banking is a subset of retail banking: these bankers serve high net worth individuals, often defined as those with more than £1million to invest.Commercial bankers serve small and medium-sized businesses, often working closely with them to understand their options and develop their business plans, in order to start or grow their operations.
How many federal home loan banks are there?
There are 12 Federal Home Loan Banks. They are owned by member institutions including savings and loans, commercial banks, savings banks, etc. The Federal Home Loan Banks serve as whole sale lenders to their member institutions. If you'd like to learn more about the Federal Home Loan Banks, take a look at the book, Mission Expansion and the Federal Home Loan Banks (SUNY Press, 2010).
Who is the registered agent for Bank of America NA?
CT CORPORATION SYSTEM The address would be the closest one to your area for instance I live in Dallas, Texas so if I wanted to serve Bank of America, I would serve CT CORPORATION SYSTEM 350 N. ST. PAUL ST. DALLAS, TX 75201 on their behalf.
Why did the congress establish the federal reserve system '?
to serve as a reserve bank for other banks to ease shortages of cash or to credit banks that have an excess.
How does the Fed serve the nation's bank?
The Federal Reserve sets monetary policies for the United States. The Federal Reserve initiates policies and practices aimed at jump starting the economy.
Who sits on the FOMC?
The representatives who sit on the Federal Open Market Committee are:seven members of the Federal Reserve Boardfive of the twelve Federal Reserve Bank presidentsthe remaining seven Federal Reserve Bank presidents serve one year terms on a rotating basisAll Reserve Bank presidents who are not currently voting members of the committee, sit in on meetings and contribute to discussions.See the link below for the minutes of the January 2012 FOMC meeting, which lists the attendees of that meeting.
What is the job of ben bernanke?
Chairman of the Federal Reserve. They are mandated to regulate the banking industry and serve as general stewards of the US economy.
How does the fed serve the government member banks and individuals?
The primary responsibility of the central bank is to influence the flow of money and credit in the nation's economy. Members of these banks serve on the Federal Open Market Committee (FOMC). Second, the boards of directors of the Federal Reserve Banks initiate changes in the discount rate, the rate of interest on loans made by Reserve Banks to depository institutions.
Who appoints the head of the US Federal Reserve System?
The Board of Governors in Washington, D.C., is the central decision-making organization. The board has seven members who are nominated by the president of the United States and confirmed by the Senate.
Does a federal system serve your needs today?
A federal system does what it can, but there are always limitations to it's power, such as resources, budget cuts, laws, internal guidelines and issues, etc.
Where does a prisoner serve a sentence if their crime crossed multiple state lines?
He will serve his time in the state prison system of whatever state it was that tried him. If he is tried on a federal charge, he will serve time in a federal prison for that particular area of the country.
What was the key reason for the creation of the federal reserve system?
It was supposedly established to stabilize the economy. If you start to look into what's really happened you will find that the money flow has actually been LESS stable since the Fed took over. The current "economic crisis" has the same source of all of the major crises in U.S. history, contractioin of the money supply. The panic of 1907 was caused by a sudden contraction by powerful European banks and this was the excuse for creating the Fed in 1913. The Fed is controlled by the same financial cartel that created the 1907 panic. It is the only institution that could have caused a contraction of the money supply large enough to create the current "crisis". It seems obvious that history has repeated itself. A+ users...federal reserve act
What is a Federal Reserve?
If you mean federal reserve banks, it is an international organization created at Bretton Woods, New Jersey in 1945 for regulating the international peg system and the LLB (lower level banks). The International Federal Reserve (IFR) answers to the United Nations that holds the bankruptcy note on the international community under the Federal Reserve Note (FRN), the international bank trading peg. All monies that go into the bank trades are converted from country currency, i.e. Euros, Pounds Sterling, Dinar, etc., into FRN's for trading. Not only for orderly processing exists, the fact of maintaining the international bankruptcy remains paramount. No credit monies exist in the world today, not since 1930. Therefore, the IFR's responsibility is to regulate the bankruptcy until solvency is achieved.
Can the president dismiss the a. white house chief of staff b secretary of state chairman of the federal reserve board white house press secretary?
All persons appointed to positions serve at the pleasure of the President, and can be removed by him.
What purpose does fat serve in the body?
It's padding, insulation and energy reserve.
