[Rearden]

In 2005, $781 million was paid out as dividends to member banks (are you arguing that a 6% return on their capital is excessive?) and almost $21.5 billion was transferred to the US Treasury.

Every nationally chartered bank must join. These banks become members of their respective regional Reserve Banks. These banks have some control over how their regional Bank conducts operations, but has no control over the nation's monetary policy. This is set by the Board of Governors, a 7-member panel appointed by the President and confirmed by the Senate. The Fed is private and public. The private side executes the policies determined by the public side.

Pat, you really need to branch out and stop relying solely on your moonbat conspiracy websites for your education. At best, they tell only half the story.