All National Banks in the US are required to provide a certain amount of funds to the Federal Reserve (a small percentage of their own value) and are issued non-tradable stock as compensation for this requirement, since the money the provide is unavailable for regular banking investments. This stock earns a 6% dividend, but any
profits made by the Fed in the course of its operations are paid directly into the US Treasury.
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Originally Posted by Beingist  Of course, I can speak for every central bank structure, but in the U.S., this is not entirely true. The Federal Reserve Board has stockholders, and is guaranteed a 6 percent profit (though on exactly what, I'm still trying to figure out).
Oddly enough, there are a LOT of people, seemingly, who fight to death the idea that it's otherwise, and others who are quite adept at keeping that information obscured. |