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Is the federal reserve a corporation?

In: Banking, Economics, US Government [Edit categories]

Answer:

No, it is chartered by Congress to run as an entity that keeps the dollar stable in value. While the Fed's purpose isn't to make a profit (and such a purpose is not stated in its charter), it has due to the bonds and interest from reserves it holds as part of its operational activities.

Another view:

The Federal Reserve is Chartered by Congress just as the ill fated Fannie Mae and Freddie Mac were "chartered by congress". The rest of the previous answer is speculation.

"Economic Stability" was the mythical purpose for the creation of the Federal Reserve. The hard core facts are that the economic stability of the United States has decreased under the reign of the Federal Reserve and many noted economists believe that the policies of the Federal Reserve exacerbated and prolonged the "GREAT DEPRESSION".

The real purpose of the Federal Reserve was to give a Euorpean banking cartel control over the American Economy. The Federal Reserve Act which created this entity was passed on Christmas Eve without adequate vetting by Congress.

First answer by Sefner. Last edit by SpyBoy69. Contributor trust: 25 [recommend contributor ]. Question popularity: 4 [recommend question].

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