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The second district in the Federal Reserve System is regulated by the Federal Reserve Bank of New York. This includes New York, and part of New Jersey.
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Is the Federal Reserve unconstitutional?
Answer OK - let's keep it simple you say the "Federal Reserve acts as a regulatory agency". But there is no governmental control according to the SUPREME COURT OF THE UNITED STATES No governmental control= UNCONSTITUTIONAL. Lewis v. United States, 680 F.2d 1239 (1982) the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency: Congressional Attempts to Control the Fed (quotes courtesy of site linked below - quotes not under copyright) 1937 Rep. Charles G. Binderup of Nebraska 1952 Rep. Wright Patman of Texas ( House Banking Chairman) "In fact there has never been an independent audit of either the twelve banks of the Federal Reserve Board that has been filed with the Congress ... For 40 years the system, while freely using the money of the government, has not made a proper accounting." Patman RE: Federal Open Market Committee "one of the most secret societies. These twelve men decide what happens in the economy ... In making decisions they check with no one -- not the President, not the Congress, not the people." Patman also said: "In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution." 1971 Rep. John R. Rarick of Louisiana introduced H.R. 351: "To vest in the Government of the United States the full, absolute, complete, and unconditional ownership of the twelve Federal Reserve Banks." He said: "The Federal Reserve is not an agency of government. It is a private banking monopoly." He was later defeated for re-election. 1980's, Rep. Phil Crane of Illinois called for the repeal of the Federal Reserve Act. In 1980 congress passed the Monetary Control Act,it gave the Federal Reserve control of all banking institutions. The majority of the post below was plagiarized from two websites - see links. Answer You know, whenever I hear what I think are just crazy questions like this...one of my first thoughts is: Just for a second...say it was even remotely possible that all those very involved, dedicated people, on all sides of the discussion, knew it was so...why would they keep it hidden...but even more importantly....what do you think... would it take even 5 minutes to correct it and just pass a law, or whatever is needed, allowing it? Maybe less. Then of course...I think your probably so confused that your not asking about anything even related to what you think...I suspect you want to challenge the Constitutionality of an income tax...(which by the way is addressed in the 16th amendment). Not the Federal Reseve..which is defined below and is really just a method for orderly banking and I can't imagine being a Constitutional issue.
Who owns the European central bank?
The same people who own the Federal Reserve and who owned the first national bank of America, The Second national bank of America, The Bank of England... The same people who has been responsible for almost every war on earth... The Rothschild A.K.A. the Illuminati who are satanist. No they are not Jewish but they pretend to be. They want us to hate everyone so while we are fighting each other they can own us all and laugh in the background. RISE UP FIGHT THE POWER! and God be with you. :)
Who supplies money?
Whenever an economy uses a system of Fiat money, as the U.S. economy does, some agency must be responsible for regulating the system. In the United States, that agency is the Federal Reserve, often simply called the Fed. If you look at the top of a dollar bill, you will see that it is called a "Federal Reserve Note." The Fed is an example of a central bank-an institution designed to oversee the banking system and regulate the quantity of money in the economy. Other major central banks around the world include the Bank of England, the Bank of Japan, and the European Central Bank.The Fed has two related jobs. The first is to regulate banks and ensure the health of the banking system. This task is largely the responsibility of the regional Federal Reserve Banks. In particular, the Fed monitors each bank's financial condition and facilitates bank transactions by clearing checks. It also acts as a bank's bank. That is, the Fed makes loans to banks when banks themselves want to borrow. When financially troubled banks find themselves short of cash, the Fed acts as a lender of last resort-a lender to those who cannot borrow anywhere else-to maintain stability in the overall banking system.The Fed's second and more important job is to control the quantity of money that is made available in the economy, called the money supply. Decisions by policymakers concerning the money supply constitute monetary policy. At the Federal Reserve, monetary policy is made by the Federal Open Market Committee (FOMC). The FOMC meets about every six weeks in Washington, D.C., to discuss the condition of the economy and consider changes in monetary policy.
What best explains why raising the required reserve ratio results in a decease in the money supply?
The reserve ratio is the percentage of deposits that a commercial bank is required to keep on reserve and not lend out. Lowering the reserve ratio increases the money supply in an economy because it permits banks to lend out more money. When the reserve ratio is lowered banks can use the same amount of deposits to create more loans which increases the money supply.The increase in the money supply following a decrease in the reserve ratio is due to the process of fractional reserve banking. This process allows commercial banks to lend out more money than they have in deposits. For example if the reserve ratio is 10% then a bank can lend out 90% of its total deposits. If the reserve ratio is lowered to 5% the bank can lend out 95% of its deposits. This increased lending expands the money supply in the economy.The increase in the money supply resulting from a decrease in the reserve ratio has several effects. First it increases the money available for lending which can lead to increased investment and consumption. Second it lowers interest rates which makes borrowing more attractive. Finally it can lead to inflation if the money supply increases faster than economic output. For these reasons central banks must carefully consider the impact of changes to the reserve ratio.
Who are the governments borrowing money from to inject it into the banking system?
The Treasury will hold regular auctions for Treasury securities and the buyers will be all the same entities that have been buying Treasury securities.These include:IndividualsMutual fundsBond fundsState and Local GovernmentsForeign central banksForeign governmentsand any other entity that buys bondsFirst of all, when money is injected into the U.S. economy or the markets it is not done by the government, it is done by the Federal Reserve. The government has no say so in the matter.The $700 billion bailout was an authorization for the U.S. to spend money to bail out corporations. It was not for an "injection into the banking system". It is being loaned to some banks with the government taking responsibility for the loans (they go broke again, we pay) but those loans are being used for lots of reasons, including big banks gobbling up little banks.ClarificationActually the TARP gave the Treasury very broad authority which included the ability to purchase stakes in US financial institutions to recapitalize them. This is actually the first phase of the TARP, the second will be the purchase of illiquid securities. We (taxpayers) will have to pay interest on that money.ClarificationIt is true that the Treasury has to pay interest on the money it borrows, but the dividend on the preferred shares that are being purchased from financial institutions is 5% for the first 5 years and then 9%. This dividend rate is higher than the interest rate the government needs to pay on its borrowing, currently 3.5% - 4%. In affect, we are all making money immediately on the investment into financial institutions. Cash injections into the system, or money flow adjustments are different. They are achieved by creating fiat currency. The main impact on the U.S. as a whole is inflationary, when they pull the rug out, or contract the money supply it causes deflationary pressures and economic slowdown.The main reason many believe that the Federal Reserve is an unconstitutional entity is that it has usurped powers that should only be rightly had by Congress. The Federal Reserve is not government owned - See Supreme Court decision Lewis v. United States, 680 F.2d 1239 (1982)
What is the value of a 1929 20 dollar bill made at the Federal Reserve Bank of San Francisco California?
To explain, US bills aren't printed by each Federal Reserve Bank. They're all printed at a huge plant in Washington DC (and since 1991, a second facility in Fort Worth) operated by the Bureau of Engraving and Printing. Bills for each Federal Reserve district are shipped to that district's Federal Reserve bank which then distributes the notes to the commercial and retail banks it's responsible for. For prices and more information, please see the question "What is the value of a 1929 US 20 dollar Federal Reserve Note?"
Is there a way to find the average cost of funds for the second district of the federal reserve bank I know it has to be between fed funds rate and prime but how do you know where?
The GI Bill
Where is the letter and number on US banknotes that tells which Federal Reserve bank issued it?
On modern large-portrait bills, the second letter of the serial number indicates the issuing Federal Reserve District. E.g. AB12345678C would indicate a bill printed for the New York district ("B") Current $1 and $2 bills and all older bills had only a single leading letter which designated the district. In addition the district was identified by a special seal showing the district letter, and each corner of the bill had the district's corresponding number.
Is there any federal reserve bond of 500 million of 1934?
Is there Any Federal reserve bond of 1Billion dollar during second world war??
What is the value of a 1934 A US 500 dollar bill produced in Richmond VA?
It was printed in Washington. Richmond is the Federal Reserve District that ordered the bill and distributed it. There's more information at the Related Question. Until 1990 all US banknotes were printed in Washington. That year, a second facility was opened in Fort Worth. Each Federal Reserve district requests a print run of denominations needed in its jurisdiction, and the Bureau of Engraving and Printing prints bills with that district's letter (and before 1990, its city name).
What is the value of a 1934 A US 10 dollar Federal Reserve Note made in Chicago Illinois?
Your bill was actually printed in Washington DC. Please see the question "What is the value of a 1934 A US 10 dollar Federal Reserve Note?" for more information. The cities shown on Federal Reserve Notes are the locations of the Federal Reserve Bank that requested and distributed the bills, not where they were printed. Until 1991 all bills were printed at a single plant in Washington; since then production has been shared with a second printing facility in Fort Worth. Separate print runs are made for each district that requests bills for distribution.
How many numbers are in the serial number on a US 100 dollar bill?
All current US bills have 8 digits and at least two letters in their serial numbers. $5 bills and higher have two letters before the digits and one after. The second letter before the digits indicates which Federal Reserve District distributed the bill. $1 and $2 bills only have one letter before the digits. The Federal Reserve District letter is inside the seal on the left side of the bills' face.
What is a 1963 5 dollar bill made in Georgia worth?
It was actually printed in Washington, DC. The seal for Atlanta, Georgia indicates the Federal Reserve District it was printed for and from which is was distributed. Until the late 1980s all Federal Reserve Notes were printed in Washington regardless of the district that distributed them. Various runs are made for each district. As demand for bills increased (primarily in $1 notes because Congress will not authorize their withdrawal) the Treasury was forced to open a second printing plant in Fort Worth. Fort Worth now prints bills in all denominations; they can be distinguished by a tiny FW next to the plate position indicator.
How do you find the Federal Reserve bank on a US bill?
Determining which Federal Reserve bank distributed* a bill is sometimes easy and sometimes needs a bit of detective work.First and most trivially obvious, the bill has to be a Federal Reserve Note. If it says Silver Certificate, United States Note, or something else across the top it wasn't issued by the Federal Reserve System.Second, the bill's date, denomination, and design are important.If the bill is a $1 or $2 note, or any other bill dated before 1990, the issuing bank will be identified in the Federal Reserve seal, usually located on the left front. - Bills before 1928 have a letter and a number inside the seal, as well as the name and location of the bank written around the outside. The name and number correspond to the bank's district; see the list below.- Bills after 1928 have just a letter inside the seal, but the bank's name and location are still around the edge.$5 and higher bills after 1990 have a "generic" seal with no letter or name. Instead, the district number and letter are in the upper left hand corner of the front, and the letter is repeated as the second of the two characters in the serial number's prefix (got that??)The letter/number codes for each district are:A: BostonB: New YorkC: PhiladelphiaD: ClevelandE: RichmondF: AtlantaG: ChicagoH: St. LouisI: MinneapolisJ: Kansas CityK: DallasL: San Francisco(*) There's a lot of misunderstanding about where US bills are printed. Regardless of the Federal Reserve district location, ALL bills are printed either in Washington or Fort Worth (the latter since 1991). They're not printed by each bank.When a district determines that more currency is required for banking and commerce, they request a shipment from the Bureau of Engraving and Printing. Bills with the appropriate number and letter codes are printed for that district (or taken from stock) and shipped to the district's bank for distribution.
Which is the second largest district in maharashtra's in area?
second largest district in maharashtras in area
How many barangays are there in second district of pangasinan?
There are 99 barangays in the second district of Pangasinan.
Who is the chairman of federal reserve?
Ben S. Bernanke is the Chairman of the Board of Governors of the Federal Reserve System and is currently (2012) in his second term, having first been appointed on Feb. 1, 2006. He also serves as the Chairman of the Fed's Federal Open Market Committee (FOMC).
