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by ZenoArrow
3875 days ago
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https://en.m.wikipedia.org/wiki/Structure_of_the_Federal_Res... "The U.S. Government does not own shares in the Federal Reserve System or its component banks, but does receive all of the system's annual profits after a statutory dividend of 6% on their capital investment is paid to member banks and a capital account surplus is maintained." So part of their profits go to member banks. Who are the member banks that profit from these dividends? |
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