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Topic: Federal Reserve

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In the News (Sun 21 Apr 19)

  Federal Reserve Note - Wikipedia, the free encyclopedia
Federal Reserve Notes (FRNs, "ferns") is the official name for the type of banknote used in the United States, more commonly known as a bill (as in "twenty-dollar bill").
Federal Reserve Notes are currency, with the words "this note is legal tender for all debts, public and private" printed on each bill.
Federal Reserve Notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.
en.wikipedia.org /wiki/Federal_Reserve_note   (1279 words)

 Federal Reserve - Wikipedia, the free encyclopedia
The Federal Reserve controls the size of the money supply by conducting open market operations, in which the Federal Reserve engages in the lending or purchasing of specific types of securities with authorized participants, known as the Fed's primary dealers.
The Federal Reserve also directly sets the discount rate, which is the interest rate that banks pay the Fed to borrow directly from it.
The Federal Reserve System was created via the Federal Reserve Act of 1913 which "established a new central bank designed to add both flexibility and strength to the nation's financial system." The legislation provided for a system that included a number of regional Reserve Banks and a seven-member governing board.
en.wikipedia.org /wiki/Federal_Reserve   (3605 words)

 EH.Net Encyclopedia: Federal Reserve
On the private side, the Fed was to be polycentric system of 12 reserve banks, each having the power to produce a distinct gold-backed currency marked by a seal indicating the district of origin, each owned by its member banks, and each required to finance itself from earnings.
On the public side, the most important government element was the Federal Reserve Board, a political body that was to oversee the operation of the system.
Whether the populist founders of the Federal Reserve were fully aware of the role the open market operation loophole might play is subject to debate.
www.eh.net /encyclopedia/article/toma.reserve   (1042 words)

 Reference.com/Encyclopedia/Federal Reserve
The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central bank of the United States.
Fractional reserve banking: The common practice by banks of retaining only a fraction of their deposits to satisfy demands for withdrawals, lending the remainder at interest to obtain income that can be used to pay interest to depositors and provide profits for the banks' owners.
Criticism of the federal reserve include what may be general criticism of a central bank system, for example that it cartelizes the banking industry and monopolizes the creation of money.
www.reference.com /browse/wiki/Federal_Reserve   (1330 words)

 The Federal Reserve Act
A Federal Reserve Board is hereby created which shall consist of seven members, including the Secretary of the Treasury and the Comptroller of the Currency, who shall be members ex officio, and five members appointed by the President of the United States, by and with the advice and consent of the Senate.
Federal reserve notes received by the Treasury, otherwise than for redemption, may be exchanged for gold out of the redemption fund hereinafter provided and returned to the reserve bank through which they were originally issued, or they may be returned to such bank for credit of the United States.
Federal reserve notes unfit for circulation shall be returned by the Federal reserve agents to the Comptroller of the Currency for cancellation and destruction.
landru.i-link-2.net /monques/FR1.html   (6513 words)

 Federal Reserve System, by Manuel H. Johnson: The Concise Encyclopedia of Economics: Library of Economics and Liberty
The Federal Reserve System (the Fed) has been the central bank of the United States since it was created in 1913.
The terms of Federal Reserve governors are long (second only to lifetime appointments of federal judges) to insulate the members from political pressures and foster independent decisions.
Manuel H. Johnson is cochairman of Johnson Smick International, a consulting firm in Washington, D.C. He was vice chairman of the Federal Reserve Board from 1986 to 1990 and, previous to that, was assistant secretary of the Treasury for economic policy.
www.econlib.org /library/Enc/FederalReserveSystem.html   (1528 words)

 The Federal Reserve Bunk
The premise used by President Wilson and his financial advisors for the establishment of the Federal Reserve System was to "supplant the dictatorship of the private banking institutions" and "to stabilize the inflexibility of national bank note supplies".
The Federal Reserve was to unite and supevise the entire banking system, control the expansion or contraction of currency, and regulate the flow of money to the commercial banks through the establishment of 12 Federal Reserve Banks.
If the Federal Reserve Bank were demolished and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight, and the need for more taxes and even the income tax, itself.
www.sonic.net /sentinel/naij2.html   (1349 words)

 Washingtonpost.com: Business Special Report: Federal Reserve
Federal Reserve policymakers, concluding that U.S. economic growth is so rapid that it poses a risk of higher inflation, raised their target for overnight interest rates by a quarter-percentage point to 5.5 percent today.
In addition, the Federal Open Market Committee, the central bank's top policymaking group, adopted a "symmetric" directive that indicates they now are not leaning toward either another rate increase or a rate cut.
Separately, the Federal Reserve Board, whose members are all also members of the FOMC, raised the Fed's discount rate, the interest rate financial institutions pay when they borrow money from a regional Federal Reserve bank, to 5 percent from 4.75 percent.
www.washingtonpost.com /wp-srv/business/longterm/fed/fed.htm   (578 words)

 Federal Reserve Bank of St. Louis   (Site not responding. Last check: 2007-10-22)
The Federal Reserve Board approved action by the board of directors of the Federal Reserve Bank of St. Louis, increasing the primary credit rate from 5.25 percent to 5.5 percent, effective Feb. 1, 2006.
The Missouri Economics Conference is jointly sponsored by the University of Missouri and the Federal Reserve banks of Kansas City and St. Louis.
FRED® is the Federal Reserve's economic and financial database.
www.stlouisfed.org   (437 words)

 Federal Reserve Bank of Minneapolis - About the Fed - Federal Reserve History   (Site not responding. Last check: 2007-10-22)
The Federal Reserve System is the central bank of the United States.
Congress created the Federal Reserve through a law passed in 1913, charging it with a responsibility to foster a sound banking system and a healthy economy.
This remains, today, the broad mission of the Fed and its component parts: the 12 Federal Reserve Banks nationwide, each serving a specific region of the country; and the Board of Governors in Washington, D.C., established to oversee the Fed System.
minneapolisfed.org /info/sys/history   (420 words)

 Secrets of the Federal Reserve
Thus the proposed Federal Reserve Bank was to be "controlled by Congress" and answerable to the government, but the majority of the directors were to be chosen, "directly or indirectly" by the banks of the association.
The Federal Reserve System began its operations in 1914 with the activity of the Organization Committee, appointed by Woodrow Wilson, and composed of Secretary of the Treasury William McAdoo, who was his son-in-law, Secretary of Agriculture Houston and Comptroller of the Currency John Skelton Williams.
Because the Federal Reserve Bank of New York was to set the interest rates and direct open market operations, thus controlling the daily supply and price of money throughout the United States, it is the stockholders of that bank who are the real directors of the entire system.
www.apfn.org /apfn/reserve.htm   (16817 words)

 The Federal Reserve System
Policy regarding open market operations is the responsibility of the Federal Open Market Committee (FOMC) comprising the seven members of the Board, the president of the New York Federal Reserve Bank, and the presidents of four other reserve banks on a rotating basis.
The Reserve Banks, like the Board, are subject to audit by the GAO, but certain functions such as transactions with foreign central banks and open market operations are excluded from audit.
Those chartered by the federal government (through the Office of the Comptroller of the Currency in the Department of the Treasury) are national banks, and by law are members of the System.
wfhummel.cnchost.com /fedoverview.html   (1181 words)

 Federal Reserve Bank of Kansas City
Federal Reserve Bank of Kansas City is building a new headquarters.
Free guided tours of the Federal Reserve Bank of Kansas City and its branch offices in Denver, Oklahoma City, and Omaha are available to student groups (high school and above), business and civic groups, and the general public.
The Federal Reserve Bank of Kansas City sponsored a conference, "Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities?" Conference participants included prominent industry executives, legal authorities, academics, and central bankers from around the world.
www.kc.frb.org   (532 words)

 Federal Reserve Bank of Philadelphia - Economic Education
The Philadelphia Fed's mission in education is to promote economic and financial literacy and a greater understanding of the role of the Federal Reserve System.
This five-day professional development course for K-12 educators is taught by Federal Reserve economic education specialists and staff from the state centers for economic education.
Taught by Federal Reserve economic education specialists, the program emphasizes active-learning techniques that help educators meet state and national standards in economics and personal finance while teaching language arts.
www.phil.frb.org /education   (433 words)

 Federal Reserve and International Central Bank Information   (Site not responding. Last check: 2007-10-22)
Federal Reserve Banks provide a great source of information about the U.S. banking and monetary system, as well as general economic conditions in the U.S. Many of the banks have data and publications on-line.
A PDF-format version of The Federal Reserve System: Purposes and Functions, a thorough overview of the Federal Reserve System, is available by chapter or as a single document.
The Federal Reserve district banks provide public information on the background and history of the Federal Reserve system, monetary policy, national and regional economic data, and consumer resources on economic topics.
www.ncat.edu /~simkinss/federalreserve.html   (1238 words)

 Federal Reserve Bank News
Federal Reserve Chairman Ben Bernanke is raising concerns about a legal provision that lets companies own a certain kind of bank, including one Wal-Mart Stores Inc.
That would be William Poole, president of the Federal Reserve Bank of St. Louis and one of several central bank officials who has gained a bigger share of the spotlight now that former chairman Alan Greenspan...
The Federal Reserve Bank of San Francisco has a tenant for its vacant 10th floor.
www.topix.net /us/fed   (735 words)

 Fed Up With the Fed!   (Site not responding. Last check: 2007-10-22)
Few know that the Federal Reserve is not a U.S. government agency but a privately owned banking system.
Lewis was injured by a Federal Reserve vehicle and sued the U.S. government.
In "Secrets of the Federal Reserve", Eustace Mullins states that the principal shareholders of the Fed are: the Rothschilds, Lazard Feres, Israel Schiff, Kuhn-Loeb Co., Warburg Co., Lehman Brothers, Goldman-Sachs, the Rockefeller family, and the J.P. Morgan interests.
www.afn.org /~govern/Fed_Up.html   (1680 words)

 Who owns the Fed?
Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York.
These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914.
This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.
www.save-a-patriot.org /files/view/whofed.html   (1087 words)

 St. Louis Fed: Economic Research
The Research Division of the Federal Reserve Bank of St. Louis is committed to the timely delivery of quality information to meet your needs.
In January 2005, the Research Division of the Federal Reserve Bank of St. Louis established its Center for Regional Economics - 8th District (CRE8™).
Using ALFRED™, ArchivaL Federal Reserve Economic Data, you can retrieve vintage versions of data that were available on specific dates in history.
research.stlouisfed.org   (775 words)

 The Federal Reserve
This is a transcription of a taped talk given by Edward Griffin, author of The Creature from Jeckyll Island in which he discusses the 1910 origin of The Federal Reserve.
Not long after this public utterance on the Federal Reserve Corporation it became known among his intimates that McFadden had suffered two attacks against his life.
The facts that debunk the conspiracy theory alleging that a secretive international banking elite owns and controls the Federal Reserve, using its power to manipulate financial markets and to control the U.S. economy.
www.bigeye.com /fedreser.htm   (242 words)

 FEDERAL RESERVE   (Site not responding. Last check: 2007-10-22)
Since the Federal Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power.
The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a private corporation controlled by bankers and therefore is operated for the financial gain of the bankers over the people rather than for the good of the people.
This practice is so refined today that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "rediscount rate" to send stocks up and down as they wish.
www.afn.org /~govern/pa10005.html   (7499 words)

 Banking & Federal Reserve Quotes
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.
but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn.
Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar
www.freedomdomain.com /bankquot.html   (2082 words)

 Petition for Redress -- Federal Reserve
Do you admit that the Federal Reserve’s member banks are controlled by private individuals and corporations, often acting in concert, that receive profits from their ownership and operation of our country’s monetary system?
Do you admit that a portion of the ownership of the Federal Reserve is held by foreign entities and that the current statutes allow for ownership of a controlling interest in its Federal Reserve Bank stock?
Do you admit the Federal Reserve Board is resisting a complete audit of the books and operations regarding foreign exchange trading, government securities trading, and transactions with or for the account of foreign central banks and monetary authorities?
www.givemeliberty.org /FreedomDrive/Redress/PetitionFed.htm   (1765 words)

 Federal Reserve Bank, ownership - The Lawful Path
Most Americans, if they know anything at all about the Federal Reserve, believe it is an agency of the United States Government.
The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J.
The David Rockefeller chart shows the link between the Federal Reserve Bank of New York, Standard Oil of Indiana, General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. Morgan).
land.netonecom.net /tlp/ref/federal_reserve.shtml   (1262 words)

 disinformation | the federal reserve   (Site not responding. Last check: 2007-10-22)
There are those who argue that the Federal Reserve was created in 1913 to function as nothing less than a tool of economic conquest aimed at making bankers and selected politicos rich while keeping the vast majority of the population poor, stupid, and easy to control.
Promotes the thesis that JFK was assassinated because he was about to undermine the Federal Reserve, quoting from various documents.
Part of a vast study of the Twentieth Century's economic history and social impact, this chapter examines the Depression and the environment that led to the dominance of the Federal Reserve and Bretton-Woods institutions.
www.disinfo.com /archive/pages/dossier/id62/pg1   (1063 words)

 Banking / Federal Reserve
What most people do not realize is that this country would be a far different place if England hadn't gotten their way, back in 1913 with the passing of the Federal Reserve Act.
While 80% of the stock was to be held privately, and the other 20% purchased by government, it was through the aquisition of the 20%, and then the Franctional Reserve banking "tricks", and wha-lah, this somehow paid for the Private Investors portion, which was never put up AT ALL.
Many authors over 50 years have written on the Federal Reserve and it's role in bankrupting our economy so I will only bring out the most important parts.
www.freedomdomain.com /bankfed.htm   (6770 words)

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