[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
"Spike D" @Only1Spike_D on x 4934 followers
Created: 2025-07-25 01:45:12 UTC
AI answer is somewhat misleading here. Yet. Once you get to the "privatized portion you'll understand better.
The Federal Reserve System is not privately owned. It is a unique entity with both public and private aspects, functioning as an independent entity within the U.S. government. While the regional Federal Reserve Banks are structured like private corporations and member banks hold stock, this ownership doesn't confer the same rights as in a private company. The Federal Reserve's authority comes from Congress, and its primary goal is to serve the public interest.
Here's a more detailed breakdown: •Public Aspects: The Federal Reserve System is overseen by the Board of Governors, an independent agency of the U.S. government. The Board's members are appointed by the President and confirmed by the Senate. The Federal Reserve's main purpose is to serve the public good, not to generate profit for private owners.
•Private Aspects: The twelve regional Federal Reserve Banks are structured like private corporations. Member banks (both national and state-chartered) are required to purchase stock in their regional Reserve Bank. However, this stock cannot be sold or traded, and dividends are capped by law at 6%.
•Unique Structure: This combination of public oversight and quasi-private structure makes the Federal Reserve unique among central banks globally. The U.S. Department of the Treasury, not the Federal Reserve, creates the currency.
XX engagements
Related Topics federal reserve coins ai