The American central bank is called the Federal Reserve System. It's run by the Federal Reserve Board of Governors. The early chairhumans would have been WASPs that is White Anglo-Saxon Protestants. Now, in 2016 it is a Jew and has been since 1987. Some of the early WASPs look stupid. So does the current inmate, a Jew called Yellen. One of the earlies, Marriner Stoddard Eccles was saddled with a stupid name implying stupid parents. He then proved it by being a fan of John Maynard Keynes. Another, William Miller was also a twerp.
The legal requirement that chairhumanoids must be representative is treated with nonchalant indifference. They run the system so they can ignore the law.
You might feel that the Jews dominating the American financial system are bad
news for America, for
Western Civilization, for the world, for
everyone except, perhaps Zionist crazies running the
Stolen Land, that they call
Israel.
PS Donald Trump might well sack
Yellen. There are other and better out there - see
Trump Leans toward Replacing Fed Chief If he Wins White House
Federal Reserve Board of Governors' Chairmen Janet Yellen [ 2014 - present ] Jew
Ben Bernanke [ [ 2006 - 2014 ] Jew
Alan Greenspan [ 1987 - 2006 ] Jew
Paul Volcker [ 1979 - 1987 ]
William Miller [ 1978 - 1979 ]
Arthur Burns [ 1970 - 1978 ] Jew
William Martin [ 1951 - 1970 ]
Thomas McCabe [ 1948 - 1951 ]
Marriner Stoddard Eccles [ 1934 - 1948 ]
Eugene Black [ 1933 - 1934 ]
Roy Young [ 1927 - 1930 ] h wasp
Daniel Crissinger [ 1923 - 1927 ]
William Harding [ 1916 - 1922 ] thick
Charles Sumner Hamlin [ 1914 - 1916 ]
Federal Reserve Board of Governors ex Wiki
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement monetary policy of the United States. Governors are appointed by the President of the United States and confirmed by the Senate for staggered 14-year terms.[1][2]Description
By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country".[1][2] As stipulated in the Banking Act of 1935, the Chairman and Vice Chairman of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting Governors.[1][2]The Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.[3] It also supervises and regulates the operations of the Federal Reserve Banks, and the U.S. banking system in general.
Membership is by statute limited in term, and a member that has served for a full 14 year term is not eligible for reappointment.[4] There are numerous occasions where an individual was appointed to serve the remainder of another member's uncompleted term, and has been reappointed to serve a full 14-year term.[4] Since "upon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified",[4] it is possible for a member to serve for significantly longer than a full term of 14 years. The law provides for the removal of a member of the Board by the President "for cause".[4]
The Chair and Vice Chair of the Board of Governors are appointed by the President from among the sitting Governors. They both serve a four-year term and they can be renominated as many times as the President chooses, until their terms on the Board of Governors expire.[1]
Federal Reserve System ex Wiki
The Federal Reserve System—also known as the Federal Reserve or simply as the Fed—is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.[3][4][5][6][7][8] Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved.[4][9] Events such as the Great Depression in the 1930s were major factors leading to changes in the system.[10]The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates.[11] The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.[12] Its duties have expanded over the years, and as of 2009 also include supervising and regulating banks, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions.[13] The Fed conducts research into the economy and releases numerous publications, such as the Beige Book.
The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors or Federal Reserve Board (FRB), partially presidentially appointed Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous privately owned U.S. member banks, and various advisory councils.[14][15][16] The federal government sets the salaries of the Board's seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The FOMC sets monetary policy and consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one-year terms. Thus, the Federal Reserve System has both private and public components to serve the interests of the public and private banks.[17][18][19][20] The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, creates the currency used.[21] The Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."[22]
The U.S. Government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2015, the Federal Reserve made a profit of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.[23]