“I hear shares of the “loot” are determined by the assests held/owned by each member bank,”
Banks covered by the Federal Reserve System have to join- their “shares” mean membership, not ownership. There is no “divvying up of the profits” to the member banks. All profits to the Fed in excess of salaries, rent, and other routine expenses revert to the US Treasury.
Back in the late Carter, early Reagan years some state chartered banks fought against being included in the Fed system because “owning a share” would mean that some of their assets would be tied up and would not earn anything for them. The shares only mean membership, they earn nothing.
I was talking about the 6% (by law) dividend divided up among the member banks depending upon the size of their individual assets.
You omit that the critters who inhabit the Fed live a gold plated existence prior to all profits being remitted to the Treasury. That member banks get a yearly dividend of 6% on paid in capital stock
http://www.federalreserve.gov/aboutthefed/section7.htm
Anyways the NY Fed is where it all goes down and the largest American banks have stock in and control that pos. The primary dealer banks control the NY Fed that they do biz with every day
http://www.globalresearch.ca/who-owns-the-federal-reserve/10489