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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2296886, member: 71723&quot;]Also, the Federal Reserve Board and all their employees ARE federal government employees. These are the ones that work in D.C. in the stately white HQ building. The employees at the 12 regional Federal Reserve banks are NOT federal employees.</p><p><br /></p><p>From the Federal Reserve&#039;s own website: (Note to mods: a federal agency may not own a copyright, so posting this is okay.)</p><p><br /></p><p>&quot;<span style="color: #ff4d4d">The Board of Governors of the Federal Reserve System is a federal government agency</span>. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate. The full term of a Board member is fourteen years, and the appointments are staggered so that one term expires on January 31 of each even-numbered year. After serving a full term, a Board member may not be reappointed. If a member leaves the Board before his or her term expires, however, the person appointed and confirmed to serve the remainder of the term may later be reappointed to a full term.&quot;</p><p><br /></p><p>ONLY the Federal Reserve Board makes monetary policy - the regional banks do not. (Side note, just because it&#039;s interesting: the Chairman of the New York Federal Reserve Regional bank, Region 2, is always on the Board. No other region has a reserved Board seat. This also means the New York chairmanship has to vacate every 14 years.)</p><p><br /></p><p>Not a federal agency, huh? Pick a new lie, 19Lyds - this one&#039;s been punked. Maybe it&#039;s YOU who needs to get &quot;on track&quot;, &quot;dude&quot;.</p><p><br /></p><p>&quot;But, but, but, I read it on the Internet, on a silver and gold selling site.&quot;[/QUOTE]</p><p><br /></p>

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