Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. Virtually unknown to the general public is the fact that the US Federal Reserve is a privately owned company, siting on its very own patch of land, immune to the US laws. A Federal Reserve bank is a privately owned corporation established pursuant to the Federal Reserve Act to serve the public interest; it is governed by a board of nine directors, six of whom are elected by the member banks and three of whom are appointed by the Board of … The Internal Revenue Service is considered to be a Bureau of the Department of the Treasury; however, like the Federal Reserve, it is not part of the Federal Government (Diversified Metal Products v. The Federal Reserve, or Fed, is a privately owned central bank that controls the money supply of the United States. As a privately-owned central bank, the Federal Reserve, as an institution, has powers that exceed the powers of dutifully elected U.S. politicians, including the president and Congress. The first MAJOR MYTH, accepted by most people in and outside of the United States, is that the Fed is owned by the Federal government, as implied by … The Federal Reserve is PRIVATELY OWNED. In fact, if you look at any piece of currency you will see that it says Federal Reserve Note on it: The Board sets monetary policy and the Federal Reserve Banks execute it. The FED is unconstitutional and illegal. To be a member of the Federal Reserve system, commercial banks must own shares of stock in the 12 regional Federal Reserve banks by law. Instead, it is a collection agency of the privately owned Fed. These stocks can't be … This privately owned company (controlled by the Rothschilds, Rockefellers and Morgans) prints the money FOR the US Government, which pays them interest for the “favor.” In addition, the Fed does not use any taxpayer money to fund its operations. All the dollars we have in existence today were created by the Federal Reserve. Court Rules Federal Reserve is Privately Owned Case Reveals Fed’s Status as a Private Institution Below are excerpts from a court case proving the Federal Reserve system’s status. While the US Treasury doesn’t technically own shares in the Federal Reserve the Fed is required to remit its profits at the end of the year back to the Federal Government. The regional Federal Reserve Banks are private owned, but they are controlled by the Board of Governors -- a federal agency whose members are appointed by the President and confirmed by the Senate. I’m not sure why this gets absolutely zero attention on the sub, and around the world in general. But owning Reserve bank stock is nothing like owning stock in a private company. THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. As published at ModernHistoryProject.org. Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Federal reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations in light of fact that direct supervision and control of each bank is exercised by board of directors, federal reserve banks, though heavily regulated, are locally controlled by their member banks, banks are listed neither as "wholly owned" government …