What They Didn't Teach You In School

Who Owns The Federal Reserve Bank?

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By: Quinton Posted: February 7, 2010 Filed under: Banking / Economics
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Federal Reserve System

As of 11:05 Tuesday, July 26, 1983, the list of member banks holding Federal Reserve Bank of New York stock includes twenty-seven New York City banks. Listed below are the number of shares held by ten of these banks, amounting to 66% of the total outstanding number of shares, namely 7,005,700:

Member Bank Shares Percentage
Citibank 1,090,813 15%
Chase Manhattan Bank 1,011,862 14%
Morgan Guaranty Trust 655,443 9%
Chemical Bank 544,962 8%
Manufacturers Hanover 509,852 7%
Bankers Trust Company 438,831 6%
Bank of New York 141,482 2%
European American Bank & Trust 127,800 2%
National Bank of North America 105,600 2%
J. Henry Schroder Bank & Trust 37,493 .5%

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