It's a privately held corporation, point blank.
It is not a nationalized entity, nor a part of government.
It's right there in writing.
There's also no reason that the US Fed should not be nationalized as it is in ever other nation.
It is not a nationalized entity, nor a part of government.
It's right there in writing.
There's also no reason that the US Fed should not be nationalized as it is in ever other nation.
Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also appoint six of the nine members of each Bank's board of directors.
This is not ownership. It is membership. Membership that is required by law.