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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (107769)	6/9/2001 8:32:05 AM
From: flatsville	Read Replies (1) \| Respond to of 436258

CB-- Check your own Cool Post of the Day. Message 15914566 The text you copied says something about Class A directors and stock which would lead one to believe there might be something like "Class A shares." Look near the bottom of the post. Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. The stock is not available for purchase by individuals.<< I think the real question for some is who are the owners of the "member banks." What is the extent of their influence? The questions below are from Ken 98's post here-- Message 15912962 2. What is the present ownership of the frb? I can't find anything other than the "member" banks own it. In fact, I challenge you to find the names of the Class "A" directors of the frb-ny. It took me some time. Who owns the "member" banks? 3. What is the present ownership of the frb-ny? What is it's ownership percentage of the frb? I find it interesting that it was the frb-ny that did the ltcm bailout and not the bd of governors.