http://en.wikipedia.org/wiki/Federal_Reserve_System
About 38% of U.S. banks are members of their regional Federal Reserve Bank. The amount of stock a member bank must own is equal to 3% of its combined capital and surplus.However, holding stock in a Federal Reserve bank is not like owning stock in a publicly traded company. These stocks cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock.
About 38% of U.S. banks are members of their regional Federal Reserve Bank. The amount of stock a member bank must own is equal to 3% of its combined capital and surplus.However, holding stock in a Federal Reserve bank is not like owning stock in a publicly traded company. These stocks cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock.
No comments:
Post a Comment