When I read the information on the Federal Reserve's own web site years ago, it stated that they pay a 6% dividend to shareholders.. Who those shareholders are? member banks.. who the member banks are? nothing
The shareholders can only be commercial banks (banks that accept deposits from the public and loan that money out). Nationally chartered banks are required to become shareholders, and must purchase a percentage of shares based on their own capital.
So the largest shareholders will generally be the largest U.S. commercial banks. Here's a list of all nationally chartered banks in the U.S:
This is all rather pointless to investigate, though, because nobody is getting rich quick by owning Federal Reserve stock. The dividend is minuscule compared to other sources of revenue, for both the Fed and the shareholders.
When I read the information on the Federal Reserve's own web site years ago, it stated that they pay a 6% dividend to shareholders.. Who those shareholders are? member banks.. who the member banks are? nothing
The shareholders can only be commercial banks (banks that accept deposits from the public and loan that money out). Nationally chartered banks are required to become shareholders, and must purchase a percentage of shares based on their own capital.
So the largest shareholders will generally be the largest U.S. commercial banks. Here's a list of all nationally chartered banks in the U.S:
https://www.occ.treas.gov/topics/charters-and-licensing/financial-institution-lists/national-by-name.pdf
This is all rather pointless to investigate, though, because nobody is getting rich quick by owning Federal Reserve stock. The dividend is minuscule compared to other sources of revenue, for both the Fed and the shareholders.
How is 6% considered chump change? I'm curious.