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The Federal Reserve bank has been private since December 23, 1913. None of its stock is owned by the government. Over the years many things have led to changes in it. The Great Depression is one of the biggest things that have led to changes in it.

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12y ago

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How long has the federal reserve been around?

the federal reserve system has been around since the 1870's close to the spanish-american war. They needed a federal bank were important documeents would be held.


Do the rothchilds print Americas money?

yes it has awalys been run from a private firm the federal reserve is a private company.


When was federal resev bank opened?

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.


Who owns the federal reserve bank in the US?

AnswerThe Federal Reserve Bank in the USA is a privately owned cartel: it is not a Government agency."Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."- The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s"Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. ...#1 The Federal Reserve System Is A Privately Owned Banking CartelThe Federal Reserve is not a government agency.The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was "not an agency" of the federal government and therefore not subject to the Freedom of Information Act....[All above quotes taken From "10 Things That Every American Should Know About The Federal Reserve" at http://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reserve]Who owns the Federal Reserve?The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.......[Above quote From "Federal Reserve Education Fed Basics" at http://www.federalreserveeducation.org/faq/topics/fed_basics.cfm ]


Why spanish empire were so hungry for gold?

Because the Federal Reserve Bank hadn't been invented yet.


Will FED bank able to overcome upon its poor economic fundamental and continuous recession?

In the past the Federal Reserve Bank has been able to withstand poor economic conditions and long term recessions. This central bank is ableÊto lend money as an intervention to economic instability. Mandates could change the structure of the Federal Reserve BankÊif needed, but so far it has not been done.Ê


What is the federal reserve created?

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the Federal Reserve.


What are the Federal Reserve Districts?

For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.


The Federal Reserve System operates?

The Federal Reserve System operates in the United States of America. The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.


Who is the chairman of the federal reserve rigth now?

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.


What is a star on a federal reserve note?

The star on any bank note means that the bill you have in your hand etc. has been re-issued and the old bill has been destroyed. wingofeagle14@yahoo.com


Which group oversees the activies of the federal reserve?

The President of the United States and his ministers oversee the activities of the Federal Reserve. The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.