[BfloGuy]

Don’t the Fed’s profits go into the US Treasury each year?

The Fed is a private for-profit corporation. Strangely enough!

[Zionist Conspirator]

The Fed is a private for-profit corporation. Strangely enough!

Some "private for profit corporation" it is if its profits go into the US Treasury.

Now Alexander Hamilton's bank (1791-1811) was a true private bank.

[oblomov]

>>The Fed is a private for-profit corporation. Strangely enough!

There is some confusion regarding this. The Federal Reserve itself is an independent agency of the federal government.

Each of the regional Federal Reserve banks, such as the New York Fed, is a private corporation owned by the banks that are members. Although the regional banks could theoretically set their own monetary policy (e.g., the Cleveland Fed could set a different Fed Funds rate than the St. Louis Fed), this has not happened for over sixty years. The policy set by the Board of Governors is, in practice, followed to the letter in each of the regional reserve banks.