permaculture

[CAVM@aol.com]

In a message dated 5/8/2007 7:05:23 P.M. Central Daylight Time,  
martinwnaylor@yahoo.com.au writes:

Enlighten me who are the stockholders
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The Member Banks. Approximately 38 percent of the  8,039 commercial banks in 
the United States are members of the Federal Reserve  System. National banks 
must be members; state chartered banks may join if they  meet certain 
requirements.The member banks are stockholders of the Reserve Bank  in their 
District 
and as such are required to hold 3 percent of their capital as  stock in 
their 
Reserve Bank.
_http://www.richmondfed.org/publications/educator_resources/federal_reserve_to
day/structure.cfm_ 
(http://www.richmondfed.org/publications/educator_resources/federal_reserve_today/structure.cfm)
 



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