1984 is here and we’re fighting back.
With a new Ministry of Truth started in a law enforcement wing of our federal government, free speech and dissent are both under attack.
While we hope the censorship doesn’t go too far, our website has already been targeted in the past. We tried then to play their game and post non-controversial, valuable preparedness advice without the hot button topics.
But it didn’t matter – they still defunded and defamed us.
I spent thousands of dollars on legal action. My staff and I began to be threatened in multiple ways during this time – some of which would have damaged our reputations and some of which would have destroyed our personal finances. Some of these threats even put the very lives of certain writers at risk.
Had they just come after me, I would have pushed it all the way to the Supreme Court. But they came after my friends, my team, and the people I love.
Before it happened to me, I didn’t understand why someone with the resources of Dr. Mercola didn’t push back more when they tried to silence him. He said that people didn’t understand the pressure that could be put on a person. He was right.
I dropped my case, not because I was wrong or afraid I might lose, but to protect people I hold dear.
We won’t play their game.
This time, we won’t play their game, because it’s unwinnable. No matter how much we dial it back, we still expect to be censored.
So forget that.
We’re playing OUR game and vow to continue bringing you the same information we would have without a Ministry of Truth threatening our livelihoods. We are on a mission to provide information and we will dare to continue questioning the questionable. We will continue to examine all sides of an event. We will continue to be a voice for freedom and critical thinking.
We are determined not to be silenced.
We’ve decided to be proactive rather than reactive.
Here’s our plan.
We’d like to introduce The Official Newsletter of the Apocalypse. This PDF will be sent to you once per month, on the 15th, and it will contain all the articles published on The OP over the previous month. You can save it to your computer, print it out, or download it to your USB archive.
We’ve made this as affordable as possible while still covering our costs.
The price during our presale begins at a mere $4.14 when purchased as an annual subscription.
Our first newsletter will come out on May 15th. If you order now, during our presale, not only do you get a lower price, but you’ll also get January, February, and March’s content absolutely free. You can choose either a yearly or monthly subscription. The presale price is only available for a few days.
Our content will still remain available for free on the website. And should we encounter a worst-case scenario that shuts down the website?
Then we would be able to get you the content that *would* have been published via email. And if that doesn’t work, we’ll do it by print and snail-mail. We’re preppers. We have backups and backups for our backups.
We won’t be silenced easily. We are fighting back and you can help.
Some of The Organic Preppers can’t afford it. Would you consider setting up some kind of a scholarship type account? Those of us who can afford to and want to would pay for an extra subscription. More book-keeping for you, but at least they wouldn’t be left out.
That’s a really good idea, Carla. I will talk to my tech genius and see how we can make that happen.
Great response to a mind blowing change. This is a wise investment of resources.
Go Daisy! Interesting times dead ahead.
Hello all,
Because I have lived in countries and worked in those countries this present regime is following the path of authoritarian regimes I have first hand experience with. Take your security seriously and I never thought to say this..I am watching the country people from all over the world that risked their very lives to come to be debased by this horde of elites ,for want of a better term.
Thank you for this site.
https://www.eff.org/
The leading nonprofit defending
digital privacy, free speech,
and innovation.
Many writers repeat the well-worn story of how Rothschild financiers have raped nations for hundreds of years. Ref. https://aim4truth.org/2021/09/23/mckibben-and-gabriel-on-the-long-arm-of-the-british-empire/. They never trace how the money flow benefits the bankers but merely tout a bogus claim of ‘loans.’ Benjamin Ginsberg lists numerous such events that invariably ended in poverty and social chaos in FATAL EMBRACE; [financiers] AND THE STATE.
The historic European covert money flow, which was cleverly hidden in the U..S. government version of what is now called the Federal Reserve, has been exposed with Federal Reserve documents, government statutes, and TreasuryDirect tabulations to show a pattern of embezzlement. All profit of the Fed legally belongs to the government. The ultimate finally of the Ponzi scheme is planned to be a foreclosure on the $30+ trillion National Debt as in Greece. Perhaps the analysis may be of interest.
Jim Carter
[email protected]
Ref. https://stateofthenation.co/?p=87971 GREETINGS, SPARTACUS.
THE FEDERAL RESERVE FOR DUMMIES
“What difference does an increase in the National Debt make? We owe it to ourselves.” virtually every Keynesian has declared. Such a paraphrased program gives the federal government/ congress purchasing power not previously available—to buy votes from home. Unfortunately, the inflation created dilutes the purchasing power and value of assets owned by individuals—it is a transfer of wealth to government and financiers.
Keynesian, an euphemism for rampant inflation and kissing cousin to Modern Monetary Theory, is the essential action for debauching the currency for an overthrow of the government. As Lenin said: “There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency.”
Benjamin Ginsberg has compiled historic European Rothschild banking entities that left the host nation in chaos and revolt.3 Law professor Tayyab Mahmud has shown, in 91 pages, more current transfers of a nation’s wealth to financiers during national bankruptcy have resulted in poverty for the citizens.4 The Federal Reserve system conceals the immense transfer of value to financiers which has justified the intense subterfuge and chicanery necessary for the Fed’s creation. This writing details a structure that has been developed to facilitate a transfer of U.S. national assets to covert owners of the FRBOG, Inc., during national bankruptcy.
Medieval Rothschild banks established a line of credit for the King provided he pledged collateral with a written promise to pay gold with interest to the bearer at a time in the future. The book-entry Rothschild credit was used to satisfy obligations incurred by the king. The credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s interest-bearing promise to investors for hoarded gold. The promise (security) was renewed by the bank on its maturing date and became perpetually rolled-over. 5
VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold from investors; the investors gained interest on their assets and a promise the king would eventually return their gold—which would never happen.6 Everything went smoothly as long as the bankers could sell the promise and the investors, or merchants, did not demand the gold.7 The king would pay the interest with more credit from the bank so the credit cost nothing. After the hook was set, the bankers would demand token ‘good faith’ payments of gold from the king until he was destitute. The schemes stole the wealth from the people with its book-entry fiat money8 until the angry people brought a catastrophic climax.9
The Federal Reserve system does the same thing with the U.S. government’s deficit spending. The banking wizard is hiding behind Frank Baum’s curtain of the government image Federal Reserve marquee10 as obscurant to any public inquiry.11 The Federal Reserve Bank of New York will grant credit (not “create money”) in an account of the U.S. government in an amount that the government will pledge. 12 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. The heading of the currency given to the supplier by a local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve. Historically, it was identified to be redeemable for gold, silver, or lawful money. It is now identified as a “tender” (substitute) required by law to be accepted for an imprinted number of dollars. What you have is what you get. [It is touted to the public as a loan.] 13
To sell the promise from the government at the highest price, the Federal Reserve (as fiscal agent for the government) will hold an auction but will imply it is an auction by the government.14 Acceptance of bids, determining the interest rate, and the amount of deficit spending permitted is controlled by the BOG.15 Government regulations establish the funds from the auctions are controlled exclusively by the FRBNY; i.e., a franchisee of the BOG16. These accounts of government money have never been audited, despite misleading GAO statements.17
The roll-over of approximately $12 trillion debt from prior years (publicly held maturing) is annually auctioned and disbursed by the FRBNY. The approximate $1 trillion auctioned for deficit spending is evidenced by TreasuryDirect as “new cash.” 18 [Currently new cash can be 100% to a negative (input) of the issue.] Since all values are determined by the Fed, they must be given to TD.
The difference in handling of the two accounts is the supreme camouflage. Funds for roll-over securities are credited by the FRBNY to a government account. The FRBNY then pays the Primary Dealers among others (from the government account) for their task in collecting the maturing securities from the public. There is no increase in the National Debt nor is there any inflation as a result from these transactions.
If the funds from deficit spending securities (new cash) were to be used in redeeming Treasury securities in the market (i.e., paid by the FRBNY for government expenses), it would eliminate any increase in the National Debt. It would, in effect, buy back the securities that created the debt. It would also eliminate any increase in money in circulation (inflation). That clearly does not occur. Request for documentation from TreasuryDirect as to the destination of the funds are ignored.
WHERE DO FUNDS FROM THE AUCTIONS OF
DEFICIT SPENDING SECURITIES GO ??
The Primary Dealers receive the bulk of auction funds for their task in redeeming maturing securities. If the Primary Dealers include shareholders of a privately held incorporated Board of Governors of the Federal Reserve, they would not have to reveal corporate records.19 The commingling of new cash funds could be completely hidden from view. 20 The deficit spending amount 21 would be clear profit for the owners of the BOG.22 No other destination of the funds appears viable.
The statutory charter of the Federal Reserve stipulates profit of the operation belongs to the government. 23 No consideration appears to be received by the government for the funds. Consideration for commercial bank loans involve a risk; such a condition does not appear applicable to the instant action.
Each annual trillion dollars of deficit spending transfers $3 billion DAILY for an entire year to the unidentified owners of the Board of Governors. The recent trillion dollars of deficit spending in one month transfers $34 billion daily for four weeks. The source of wealth inequality becomes obvious. If the securities can not be auctioned at an acceptable price, they accumulate on the Fed’s balance sheet. They, as collateral for book-entry extension of Fed credit, would then become a claim by the Fed against the taxpayers. A contract, without consideration from each party, is an act of fraud and is invalid from conception.
An abundance of such covert funds would go a long way to advance David Rockefeller’s utopian world government tauted in his autobiography MEMOIRS. The project was mentioned decades earlier by Carroll Quigley in TRAGEDY AND HOPE. Funds from Wall Street could be used to dominate foreign nations as documented by John Perkins in CONFESSIONS OF ECONOMIC HIT MAN and William Blum in KILLING HOPE; CIA AND U.S. MILITARY INTERVENTIONS. Unused funds could be laundered in the stock or bond market and extend ownership of the six mega-corporations. 24 Some such firms have funded riots on the west coast.
The proposed Goldman Sach’s government budget (whoops, Trump’s budget) includes huge deficit spending increases (increased military spending with cuts in social programs) with unrealistic increases in national productive/tax base.25 This is the same scheme Wall Street and the CIA have used to bankrupt other nations for four decades. 26 The psychopathic Wall Street warmongers demand a humongous deficit busting military expenditure, but this statement may reverse cause and effect. 27 Douglas Valentine identifies chaos by U.S. elements in foreign nations is being duplicated in the 50 states.28 Whether this involves the development of the United Nations, NATO, drugs, or a virus29 depends on the observer.
Bankruptcy of the Nation is inherent. The FR Ponzi scheme creates an expanding National Debt with no possible way to pay it off. The principle of a ‘loan’ is created by deficit spending. [Notice that the ‘loan’ (sic, credit that is never negated) is from the Federal Reserve system but the taxpayers have become responsible for it.] The required interest to pay it off is never created. Only more debt, with the new principal being used to pay the prior interest, delays the Ponzi’s collapse. The growth required to perpetuate such a scheme, of interest upon interest upon interest, is exponential as evidenced in any graph of the National Debt. Again, a contract that cannot be culminated is an act of fraud and is void from its inception.
Academic centers, MSM, and publishers fear retribution, including black-balling of graduate employment and lose of grant revenue, if the nefarious acts are exposed.
Unrelated use of the Fed’s new Special Purpose Vehicles (SPV) program to sell Wall Street’s trash to the Treasury Department (read Stephen Mnuchin of Goldman Sachs) at inflated prices to procrastinate bankruptcy of Wall Street banks will additionally balloon the national debt but will be used to avoid bankruptcy of Wall Street banks and their cronies. 30 Blackrock, allegedly owned by insiders, is central to the scam. 31 $28 trillion can buy a bunch of assets.32 Unrelenting access to government funds, while the tax base is destroyed by compelled national unemployment and corporate bankruptcies by a created virus33, is a textbook recipe for insolvency.
If the scheme is not altered, Wall Street internal memos identify the “ultimate goal” is to collect on the $24 trillion National Debt. 34 During national bankruptcy, the FRBNY will handle redemption of the PD’s tendered securities they have purchased in the market for pennies. They will demand face value from the U.S. Treasury; i.e., a financial rape of the nation. They are all one clan. Hello Greece and a U.S. troika controlled by financial entities.35
It appears as if Larry Kudlow, Director of the United States National Economic Council, has conceded control of the Treasury has passed to Wall Street to complete the coup.36
National bankruptcy would duplicate the Greek chaos within the United States.37 The financiers’ objective in Greece 38 is not to exploit, but is to destroy the nation. 39 40 Indeed, national sovereignty has been acquiesced by Greece to the Troika (financiers) as the terminal end of Goldman Sach’s “shitty” three billion Euro debt. 41
Get ready to kiss your 401(k), your government benefits, your pension, and your bank accounts goodbye, with strikes prohibited, health care costs escalated, perpetual war, mass layoffs (including government personnel), and economic chaos—among other dire occurrences. The economic chaos initiated by the virus, which has served to destroy the tax base and make the budget unsustainable, may be only the prelude.
The U.S. has four options:
The entire situation can be ignored with the public meekly submitting to Wall Street’s collection of the fraudulent $24 trillion National Debt and accept the fate of Greece [Greece has surrendered national sovereignty control to Goldman Sachs/Troika. Approval by Troika (financiers) is required for all government actions.] The New World Order will become established.
or
They can assert public pressure on congress-critters to audit relevant accounts and investigate Wall Street. The GAO has authority to audit the handling of government funds by any entity. 42 It has made at least two reviews of the FRBNY’s handling of funds [but not audits] from auctions of Treasury securities. The FRBNY has exclusive handing of such funds. Ref. 31 CFR 375.3. All that is required for the GAO to review the handling of government funds is a request by a Congressional committee. Unfortunately, it is rumored that votes [to prevent an audit ?] can be purchased as cheaply as $50,000.
or
Citizens can use the FOIA43 to demand relevant official Fed documents for analysis as affirmed by the Second Circuit Federal appellate court.44
or
Pitch—no, no—salad forks. No violent action advocated.
It all depends on how submissive the American people have become.
This essay is not copyrighted. Feel free to distribute.
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Footnotes: [available at https://genzconservative.com/the-federal-reserve-for-dummies/#_ftn3 FEDERAL RESERVE FOR DUMMIES or by email if deleted by form]
1 Ref. https://www.lifesitenews.com/news/exclusive-former-pfizer-vp-your-government-is-lying-to-you-in-a-way-that-could-lead-to-your-death
2 https://articles.mercola.com/sites/articles/archive/2021/04/29/the-truth-about-covid-19.aspx?ui=f1108e89bede503d38ea525ba1a61606abdbe3e84a4dd429bcc8b9086ec00bba&sd=20200809&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20210429&mid=DM870797&rid=1144989956
3 European origin of the Federal Reserve is well known. Ref. http://www.apfn.org/apfn/reserve.htm. Benjamin Ginsberg identifies historic banking events/chaos in FATAL EMBRACE; (financiers) AND THE STATE even from the Magna Carta.
4 GREEK, OR DEJA VU ? ; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1717949 ; https://poseidon01.ssrn.com/delivery.php?
5 http://www.apfn.org/APFN/reserve2.htm
6 In fact, the “king” has been known to confiscate the public gold in “the public interest.”
7 After the hook was set, the bankers would clandestinely demand token payments of gold from the king until his coffers were emptied and he was bankrupt. After the king was bankrupt and the people resisted increased taxes, bankers (who controlled the roll-over of prior debt and the paying of interest) would demand the king sell his assets to the bankers (for the banker’s make-believe book entry credit) at fire-sale prices (as in Greece) so interest on the king’s promises could be paid. Consider the irony of it. For the king to have a bit of purchasing power to advance the kingdom, the kingdom was lost. The people finally wised up and revolted.
8 The Magna Carta as a rebellion against the war-mongering by London financiers is an interesting observation of Benjamin Ginsberg. It has been omitted from history books. 1000 years hasn’t changed the financiers’ war-mongering obsession. Ref. Michel Chossudovsky, GLOBALIZATION OF WAR; Douglas Valentine, CIA AS ORGANIZED CRIME ; https://www.commondreams.org/views/2017/07/08/us-state-war-july-2017; http://farmwars.info/?p=15338 A FACE FOR THE SHADOW GOVERNMENT.
9 A debt-based national economy without specie backing is a Ponzi scheme inherently destined for bankruptcy but that is another story. Ref. https://www.scribd.com/doc/99860711/rip-off-by-the-fed-5-rtf. p4.
10 http://www.bilderberg.org/roundtable/emfed.html; The “Federal Reserve” name is a first camouflage to disguise the bank with a facade of government agency for sovereign immunity and to mitigate public animosity from bankers exposure. The claim of agency status does not appear to comply with Supreme Court adjudication of parameters for agencies. Nor is status of agency available for the economic benefit of private entities. The status of the BOG is not known to have been adjudicated.
11 A favorite line is the government borrows money. It is impossible to see that what was not there before the event could be borrowed. It would appear that the Fed did not put up any legal consideration for the agreement. A contract without legal consideration by both parties is void from its inception. Nor can it be rational that the Federal Reserve had $20 trillion a century ago while they purchase $100 Ben Franklins for 15 cents each from the US government. [The Fed does not ‘print money’ (sic); it buys it from the government.] Another inane concept is that the government borrows from the public. If there is any logic to this concept, how is the public then in debt ?
12 A Treasury Bill, Bond, or Note is backed by the taxing power of the U.S. FDR removed domestic demand for gold. President Nixon removed the pledge of gold for other nations. Cynics might conclude the FRBOG had confiscated the government’s gold by that time. China received bogus gold bars from the Fed.
13 A loan involves money exchanging hands. There is no increase in money in circulation (inflation) with a loan.
14 http://www.gao.gov/assets/80/75792.pdf: “… To sell marketable public debt, the Treasury, through the 12 Federal Reserve district banks and their branches, acting as fiscal agents for the Treasury [ 12 USC #391] , sells securities to the public through a competitive auction process.” page 22 of 161.
15 This was a surprise for President Clinton. Appointees to the BOG are selected from a short list submitted to the government (by the Wall Street owners of the corporate Board of Governors ?).
16 The BOG has regulatory and administrative authority over the 12 FR banks. Any of the 108 directors can be fired without cause and without recourse. Ref. 12 USC #248(f).
17 The 1992 GAO report reveals the FRBNY electronically receives auction bids [ http://www.gao.gov/assets/90/82783.pdf ]. 31 CFR 375.3 grants exclusive authority to disburse auction funds and any related action to the FRBNY. .Congressional Research Service Report 42079, Federal Reserve; Oversight and Disclosure Issues, March 27, 2017. The CRS report on the Federal Reserve states the GAO has conducted many audits of the Fed. At footnote 15, “audit” is identified to have a broad application in the report. It is used to confuse the reader. In fact, the GAO has conducted two REVIEWS of the FRBNY’s handling of security measures of Treasury auction procedures. No audit of FRBNY’s handling of United States’ funds, as fiscal agent for the government, from auctions of Treasury securities in accordance with standard accounting practices is known. The footnote clearly identifies “statutory restrictions” do not apply to audits by the GAO. Further, the Report appears to imply identification of recipients of FR funds is not subject to disclosure That misconception was laid to rest in the Bloomberg adjudication.
18 Ref. https://www..gov/instit/annceresult/press/press_cashpydwn.htm The tabulated entries do not include government account holdings. The public holds 72.41% of total government debt. Your Social Security payment goes toward the purchase of a Treasury security.
19 The Federal Reserve banks have twice been adjudicated as privately owned corporations for the issues at bar. This should not be confused with the privately owned closely held corporate ownership of the Board of Governors of the Federal Reserve alleged herein. A query of “Who owns the Fed ?” allows an evasion of owner allegation.
20 Audit reports (by professional accounting firms) of the Federal Reserve are conducted in accordance with guidelines established by the BOG. The accounts relevant to this writing are private client accounts, not operational accounts, and have never been audited.
21 The funds exceed $3 billion daily. [ $1 trillion deficit divided by 365 days is $3 billion.]
22 Status as a government agency is not applicable for an entity created for private profit, or for theft.
23 The FR system is required to give all revenue in excess of expenses to the U.S. Treasury. 12 U.S.C. § 289.
24 http://farmwars.info/?p=15338 A FACE FOR THE SHADOW GOVERNMENT ; GLOBALIZATION OF POVERTY and GLOBALIZATION OF WAR, both by Michel Chossudovsky; https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/.
25 http://www.huffingtonpost.com/entry/mark-sanford-trump-budget_us_5925b607e4b00c8df2a10b40 ; http://www.cbsnews.com/news/trumps-budget-is-unrealistic-economists-say/ Robert K. Wilcox alleges in TARGET PATTON that Patton was assassinated by the U.S. government because of his planned crusade against U.S. war mongering.
26 Congressional funding of some covert foreign political action by the CIA in the 1980’s is detailed in https://consortiumnews.com/2017/09/13/reagan-documents-shed-light-on-u-s-meddling/.
27 https://consortiumnews.com/2016/08/15/us-war-crimes-or-normalized-deviance/ Robert Stinnett in DAY OF DECEIT uses government documents to show FDR and his cronies on Wall Street developed a 17 month agenda to pressure Japan to hostile action. Codes were broken; Pearl was not a surprise. Douglas Valentine in CIA AS ORGANIZED CRIME concludes the CIA has repeatedly initiated US military action for the economic benefit of Wall Street. Nomi Prins relates in ALL THE PRESIDENTS BANKERS that World War I was foisted on the US to safeguard many billions in loans by Wall Street with a set-up false flag HMS Lusitania. David Swanson gives a lengthy list of US invasions. Ref. http://davidswanson.org/warlist/. THE GLOBALIZATION OF WAR by Michel Chossudovsky.
28 Douglas Valentine, CIA AS ORGANIZED CRIME.
29 https://ppjg.me/; https://truepundit.com/cashing-in-how-many-millions-did-dr-fauci-pocket-for-covering-up-hydroxychloroquine-which-he-approved-15-years-ago-to-cure-coronaviruses/; https://www.youtube.com/watch?v=5Xt0MvrNv10 ; http://stateofthenation.co/?p=18283.
30 https://www.bloomberg.com/ opinion/articles/2020-03-27/federal-reserve-s-financial-cure-risks-being-worse-than-disease Quote: “To put it bluntly, the Fed isn’t allowed to do any of this.” ; https://wallstreetonparade.com/2020/06/dirty-details- emerge-as-to-why-mnuchin-is-fighting-congress-over-releasing-the-names-of-recipients-of-ppp-loans/
31 https://wallstreetonparade.com/ 2020/06/blackrock-is-bailing-out-its-etfs-with-fed-money-and-taxpayers-eating-losses-its-also-the-sole-manager-for-335-billion-of-federal-employees-retirement-funds/.;
32 https://rielpolitik.com/2021/04/21/voodoo-economics-who-runs-the-world-black-rock-vanguard-by-bill-sardi/comment-page-1/#comment-47958
33 https://www.trunews.com/stream/edward-s-interview-of-dr-judy-mikovits-mp4
34 http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo ;. http://farmwars.info/?p=12078 NEW WORLD ORDER DEAD AHEAD
35 Bankers have successfully lobbied for bankers to receive super priority for derivatives, in the event of government default. http://www.informationclearinghouse.info/article42782.htm
36 https://www.zerohedge.com/markets/fed-and-treasury-have-now-merged
37 General Smedley Butler declined an offer from Wall Street to be the leader of a U.S. coup in the 1930’s. Ref. WAR IS A RACKET by Smedley Butler.
38 It was started with a mere $2.8 billion loan foisted by Goldman Sachs and known to be unpayable. http://america.aljazeera.com/blogs/scrutineer/2015/7/14/did-wall-street-enable-greek-debt-crisis.html
39 http://www.informationclearinghouse.info/47023.htm .
40 GREEK, OR DEJA VU ? ; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1717949 ; https://poseidon01.ssrn.com/delivery.php?
41 http://99getsmart.com/life-in-a-modern-day-debt-colony-the-truth-about-greece/
42 31 U.S.C. §714(b). Such federal statute restrictions are not applicable when the GAO is considering their mission to “ensure the accountability of the federal government [money] for the benefit of the American people.” CRS report id, p3. Ref. Footnote 1 and 7.
43 FOIA requests directed to the Federal Reserve system are codified at 12 CFR 261. 12 CFR § 261.3 (a) identifies the Secretary of the Board of Governors as custodian of all Federal Reserve records. 12 CFR § 261.3 (c) directs service to the Secretary of the Board. Procedures for requesting records are detailed at 12 CFR § 261.12.(b) and (c).
44 “So long as records at the [Federal Reserve Banks] satisfy the plain language meaning of 12 C.F.R. § 261.2(i)(1), they qualify as agency records of the Board and are subject to FOIA requests. … Records of the Board include . . . all information coming into the possession and under the control of the Board, any Board member, any Federal Reserve Bank, or any officer, employee, or agent of the Board or of any Federal Reserve Bank, in the performance of functions for or on behalf of the Board that constitute part of the Board’s official files; or [records] [t]hat are maintained for administrative reasons in the regular course of business in official files in any division or office of the Board or any Federal Reserve Bank in connection with the transaction of any official business…The FRBs give all revenue in excess of expenses to the U.S. Treasury. 12 U.S.C. § 289.” Bloomberg L.P. v. Bd. of Governors of Fed. Reserve Sys., 649 F. Supp. 2d 262, 274 (S.D.N.Y. 2009), aff’d, 601 F.3d 143 (2d Cir. 2010).