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buffalobills buffalobills
wrote...
Posts: 64
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11 years ago
I hear the 6% dividend is guaranteed, regardless of economic climate.  But the shares are not listed on any exchange.  How can I invest in one of the 12 Fed branches?
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wrote...
11 years ago
The shares are owned by member banks. If you are a bank, then maybe you will be required to buy in.
wrote...
11 years ago
You start your own bank, then buy in at $5,000,000 per share.
wrote...
11 years ago
Know one can enter the Fortress of Zion.

You will just have dream of that $160 million clean profit that the American people only saw by paying your taxes and the government and them giving it freely to the privately own Fed of Zion.
Press your nose against their window and you will be the closest to it you'll ever be.
wrote...
11 years ago
First, you have to go through the process of opening a bank and meeting all of the regulatory requirements. Second, you have to apply for a national charter for your bank from the Office of the Comptroller of the Currency. If your bank is able to get a national charter and becomes a national bank, then your bank IS REQUIRED by law to pay 3% of its paid-in capital in exchange for shares in ONE of the Federal Reserve district banks. Therefore, if your bank has $5 million in paid-in capital, then you are required to send $150,000 to the Federal Reserve District bank that oversees your area. Then, and only then, your bank becomes a member bank of the Federal Reserve System. For a bank that size, your annual dividend would be $9,000.

The amount that a national bank must subscribe to in the Federal Reserve District bank is set by law.  A member bank may not hold any more or any less than the required amount. Typically, businesses, including banks, utilize their paid-in capital to grow their business and therefore earn more money. The 6% dividend is simply to recompense the national bank for having to give up a portion of their paid in capital. There are 1,290 national banks in the U.S. As a rough calculation, the average dividend was $1.2 million.

BTW, contrary to what another poster stated, the value of the Federal Reserve district bank stock is $100 per share as set by law. See 12 USC 287 http://uscode.house.gov/download/pls/12C3.txt
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