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Did you read the law next time read it before you call any one out on whats init.

12 USC § 289 - Dividends and surplus funds of reserve banks
(a) Dividends and surplus funds of reserve banks
(1) Stockholder dividends
(A) In general
After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend of 6 percent on paid-in capital stock.

(B) Dividend cumulative
The entitlement to dividends under subparagraph (A) shall be cumulative.

Okay, now you need to understand what that says.

Contrary to your claim that the Federal Reserve collects 6% on the total M1 money supply, that's 6% paid out on the capital stock that the member banks put into the Federal Reserve banks.

The paid in capital from member banks for all of the Federal Reserve banks totals $27 billion ($27,217,000,000). The paid in capital is the capital that banks put up to form the Federal Reserve banks. And the Federal Reserve banks pays a profit of 6% on that or $1.6 billion in annual interest.

So understand that, the total of all member banks of all Federal Reserve banks got $1.6 billion in interest on their paid in capital. And the Federal treasury got the rest of the profit which was $88.9 billion in interest.

You can see this ratio as well under the section titled "Distribution of Income" in the above link. Compare how much the banks got to the Treasury. Banks didn't get squat.

Okay, now you need to understand what that says.

Contrary to your claim that the Federal Reserve collects 6% on the total M1 money supply, that's 6% paid out on the capital stock that the member banks put into the Federal Reserve banks.

The paid in capital from member banks for all of the Federal Reserve banks totals $27 billion ($27,217,000,000). The paid in capital is the capital that banks put up to form the Federal Reserve banks. And the Federal Reserve banks pays a profit of 6% on that or $1.6 billion in annual interest.
Combined Report Federal Reserve

So understand that, the total of all member banks of all Federal Reserve banks got $1.6 billion in interest on their paid in capital. And the Federal treasury got the rest of the profit which was $88.9 billion in interest. Federal Reserve Profit

You can see this ratio as well under the section titled "Distribution of Income" in the above link. Compare how much the banks got to the Treasury. Banks didn't get squat.