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Question: Is the Federal Reserve Bank a Public Bank or a Private Bank?
It is a private bank. - 12 (70.6%)
It is a public bank. - 0 (0%)
It is a private bank controlled by the government. - 3 (17.6%)
It is a public bank controlled by private individuals. - 2 (11.8%)
Total Voters: 17

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March 30, 2011, 01:36:56 AM
 #21

Not to mention that the New York Fed gets a permanent vote in FOMC, whereas all the other Fed chairmen are rotated in and out. A surprising fact that I learned the other day: The New York Fed is the largest repository of gold on Earth, holding about 10% of the world's gold.

Also, if anyone is in school and needs a PowerPoint on the Fed (or if you're not in school and just want it) let me know, I made one a couple years ago that got a really strong response from my class.


http://en.wikipedia.org/wiki/Federal_reserve

http://en.wikipedia.org/wiki/Jekyll_Island#Planning_of_the_Federal_Reserve_System

http://www.newyorkfed.org/aboutthefed/history_article.html

http://en.wikipedia.org/wiki/Federal_Reserve_System#Structure

http://en.wikipedia.org/wiki/Fractional_reserve

http://en.wikipedia.org/wiki/Monetary_policy

http://en.wikipedia.org/wiki/Central_bank

Thanks for putting that up. The references are a good idea. I'd like to add that the clip under fractional reserve banking is this http://www.youtube.com/watch?v=_Er69b4HMl8

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