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  • From: CAVM@aol.com
  • To: permaculture@lists.ibiblio.org
  • Subject: Re: [permaculture] The Fed
  • Date: Tue, 8 May 2007 20:31:46 EDT

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
------------------------------------------------------------------------------
---------------------------------


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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