Not sure which is better. Ownership of regional feds is private.
It's not like democracies take a long view of things very frequently, but neither does the fed, at least not directly (maybe through said regional ownership).
It's actually a really ambiguous topic to research, as ownership stakes are basically never published. Someone supposedly did a FOIA and got the list of ownership shares for the NY fed, but its sourcing was dubious though it seemed legit enough. The names made sense and it lined up with a lot of verifiable historical facts. Banks of ownership for the NY Fed were systemically important banks like Citi, JP Morgan and BNY Mellon, few others iirc.
1) Those shares are not controlling in any way, but they do pay dividends. And those shares are for all member banks.
So it is a way for the Federal reserve to push any 'profit' from lending to the banks who paid the interest in.
2) They do vote for some directors (6 of 9) for the sub-banks, but those directors do not control things like interest rates or other policy decisions. That is done by the Board of Governors, which is controlled by the US Gov't.
* For your second link, that website looks like infowars had it's head explode all over the room. I'll pass.
It's unlikely that they have shares for the hell of it. Advisory capacity or not, there is some influence however you want to phrase it. Why not publish them if its totally innocuous? If you read the history of banks those are the ones that were there at its founding.
I agree that website looks like shit, but what it says is sourced and lines up with the public history of the fed.
We could also get rid of the Air Force, Space Force, etc.
The only constitutional federal military is the Army and Navy! (Article 1, Section 8)
Or just recognize that it was created because of a long history of severe painful crises, and considered the 'least bad' option compared to JP Morgan having to bail out the US Economy (and hence wielding incredible power). [https://www.crf-usa.org/images/pdf/jpmorgan.pdf]
For sure. The treasury is the most morally correct decision maker for economic policy in every facet. It really comes down to a question of sovereignty, which should be in the hands of the people through elected officials.
But what are the consequences? Do those consequences make us vulnerable?
[https://www.federalreserve.gov/faqs/about_14986.htm] disagrees.
They’re a weird semi-governmental entity.