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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (35803)	12/22/1999 6:23:00 PM
From: superdow	Read Replies (3) \| Respond to of 99985

Anyone know what the percentage gain on the sp500 would be year to date if all technology stocks were factored out?

To: pater tenebrarum who wrote (35803)	12/22/1999 11:19:00 PM
From: Fun-da-Mental#1	Respond to of 99985

Heinz, the Fed is owned by its member banks, i.e. practically all the banks in the USA. Here's a letter from the Fed stating terms of membership. The bank places a deposit at the Fed equal to 3% of their corporate assets. They receive stock in the Federal Reserve Bank proportional to the amount of this deposit. They get paid a 6% annual dividend on this stock - this is basically interest on their deposit. As a member they get to make use of the Fed's services, such as lending, cheque processing, etc. frbchi.org Fun-da-Mental