How can we buy shares of the Fed ?
- Thread starter SNBthetrue
- Start date
Where did you get that bilge? Sounds totally delusional..
There ISN'T ONE... DUH!
Quote from hoodooman:
http://www.msnbc.msn.com/id/7762302/ns/business-personal_finance/
There is your answer, you rude sob
what's a sob ?
You might wanna read a weeee little bit about what these SNB shares actually are, my friend...
That's a really nice try... However how could the SNB pays you a 6% interrest rates... and the US Fed be a non profit corporation ?
And if I may quote the Fed website :
"The Federal Reserve, the central bank of the US, provides the nation with a safe, flexible, and stable monetary and financial system."
I see not mention of not for profit...
A general FAQ :
http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm
and I read :
"Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects."
The purpose and function :
http://www.federalreserve.gov/pf/pf.htm
http://www.snb.ch/en/ifor/shares/capdiv/id/shares_capdiv
Help yourself...
At the End you know, I have no interest or risk in this endeavour... If I am totally wrong and stupid, I hope that I had a little bit of succes in entertaining you...
If not, I have nothing to fear...
I have seen this page many a time, amico. Also, I never accused you of being stupid.
I just meant to say that the SNB share capital of CHF25mil should tell you immediately that you can't treat the SNB as a commercial entity. It has a balance sheet of CHF200bn.
that's so true... however I think it's a great strengh, you can call it non linear thinking in a dynamic set up...
but please structure it the way you want it will be a pleasure to read
And you know it's always easier to destroy than to build... so show me your way...
that's the only reason why the AI and soon to be consiousness will respect us...
Dear Martinghoul,
I know it... however I still may be stupid^^
let's see :
The National Bank as a joint-stock company
The National Bank was founded by virtue of the Federal Act on the Swiss National Bank, which entered into force on 16 January 1906. Business was started on 20 June 1907.
The National Bank is a special statute joint-stock company governed by special provisions of federal law. It is administered with the cooperation and under the supervision of the Confederation in accordance with the provisions of the National Bank Act. Its shares are registered shares and are listed on the stock exchange. The share capital amounts to CHF 25 million, approximately 55% of which is held by public shareholders (cantons, cantonal banks, etc.). The remaining shares are largely in the hands of private persons. The Confederation does not hold any shares.
"http://www.snb.ch/en/iabout/snb/org/id/snb_org_stock"
So yes maybe now they have a 200bn balance sheet... However when it was created it should have worked :
and yes it has...
"The share capital of the Swiss National Bank amounts to CHF 25 million. It is divided into 100,000 registered shares with a nominal value of CHF 250 each. The shares are fully paid up (art. 25 para.1 NBA)."
http://www.snb.ch/en/ifor/shares
So you can't treat the SNB as a commercial entity. True... it's more like an obligation...
And finally, you don't evalutate the price of a banking stock on his balance sheet...
And thank you again for your help in this short quest to know.
This is the reason for all the problems this country is facing. The Member Banks own the Fed by virtue of owning stock in the Fed but the Fed is responsible for Regulating those very same banks. Even the Chicago Mob couldn't come up with a better racket than this.
"The Reserve Banks issue shares of stock to âmember banksâ that are part of the larger banking system that the Fed is charged with regulating."
"The Reserve Banks issue shares of stock to âmember banksâ that are part of the larger banking system that the Fed is charged with regulating."
Quote from hoodooman:
http://www.msnbc.msn.com/id/7762302/ns/business-personal_finance/
There is your answer, you rude sob