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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49122)	3/14/2001 3:50:01 PM
From: Kevin Shea	Read Replies (1) \| Respond to of 57584

Indicator?? -- but how to get it? -- thinking that the ebb and flow of stops may be a indicator of protection in the market --- it would be interesting to watch ( match ) the volume of stops at any time vs tan opportunity for the manipulators to "take the money" --- alright, but how does the II get this data from the poboys? What it the psychology between stops and losses? Just a thought.

To: Rande Is who wrote (49122)	3/14/2001 4:13:08 PM
From: WhatsUpWithThat	Respond to of 57584

OT> Guess I'm a bit thick. All that said is each Fed Reserve bank retains (ie. doesn't pay out as a franchise tax to the feds) up to 40% total of its paid-in capital stock. Once they've built up a 40% surplus, all additional profits are franchise-taxed away. The member banks don't get their hands on it; they're only entitled to the statutory 6% div on paid-in capital. Isn't this just a way of building up an on-hand reserve in each FR bank from those operating profits rather than rebating all profits to the feds and then having to ask for some back if needed?