User talk:69.115.230.118
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[edit] Federal Reserve System
Dear anonymous user at IP 69.115.230.118:
Actually, the Federal Reserve System is quasi-governmental, not "private." This has already been discussed over and over. Please read the article and the talk page.
The term "Federal Reserve" means the Federal Reserve SYSTEM. The SYSTEM is composed of both governmental and non-governmental entities.
The System includes a government agency called the "Board of Governors of the Federal Reserve System" PLUS some non-governmental entities -- the private member banks (like, maybe your bank down the street, where you have your checking account), plus some other entities. The private member banks "own" stock in a group of entities called the "Federal Reserve Banks" (of Dallas, of San Francisco, etc.), but that "ownership" is not "ownership" in exactly and completely the same way that you "own" a car or I "own" shares of IBM. In other words, some parts of the Federal Reserve System are "private" and other parts of the System are governmental.
A System that is only partly governmental and only partly private is not "private." It's "quasi-governmental." Please look up the prefix "quasi" in the dictionary if you disagree. Yours, Famspear 03:35, 1 September 2006 (UTC)
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