Who owns the Fed? Do some very wealthy secret families own the Fed?
This topic is addressed in some of the articles on this web site. The topic is also explained quite thoroughly and unabashedly by Fed publications. However, here is the short answer. Commonly called the Fed, this public service institution consists of twelve regional private corporations owned by their member commercial banks. Stock is sold for $100 per share, a price fixed by law. All national commercial banks must join and qualified state-chartered banks may join if they wish. By law, each member bank must buy stock in the Fed, the amount required for membership being based on the bank’s capital. Larger banks own more stock. Nearly half of the nation’s commercial banks, holding about 80 percent of all bank deposits, are members of the Fed. The stock is largely non-performing stock. Member banks have few of the privileges usually associated with private ownership of corporations. That stock, actually “forced subscriptions,” earns dividends of six percent, fixed by law. However, the st
