npub1zl…22n8p on Nostr: “owning Reserve Bank stock is quite different from owning stock in a private ...
“owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.”
Published at
2024-10-30 04:52:29Event JSON
{
"id": "4d59c6b9cec5b2c61370487a60243ca8b20f1fc8b13c84b009146acb8c8b7c29",
"pubkey": "17c81daa727ec55965421dcdfdc42467fd1b9d88f78ef3c6cf72bac86998f1ac",
"created_at": 1730263949,
"kind": 1,
"tags": [],
"content": "“owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.”\n",
"sig": "79569ab392e264a33b61214d71a7a1e909a0db9452f109e7ea8d02460dec4fa6f8d8c365742adec46816f01f7de501a28c6da3a8cd3eb6df37167afb7b8a8ed6"
}
