NYgs23
09-06-2009, 04:41 PM
I just took a look at the sort of people who inhabit the boards of directors of the twelve regional Federal Reserve banks. Wikipedia describes these boards of directors as such:
Each Federal Reserve Bank has a board of directors, whose members work closely with their Reserve Bank president to provide grassroots economic information and input on management and monetary policy decisions. These boards are drawn from the general public and the banking community and oversee the activities of the organization. They also appoint the presidents of the Reserve Banks, subject to the approval of the Board of Governors.
So let's take a look at the people who sit on the board of directors of the Federal Reserve Bank of New York, by far the largest and wealthiest of the twelve:
James Dimon, CEO of JP Morgan Chase & Co (the 3rd largest bank in America)
Richard Carrion, CEO of Popular, Inc (a financial and insurance conglomerate)
Charles Wait, CEO of Adirondack Trust Company (named the top small community bank by the Small Business Administration for eight consecutive years)
Jeffrey Immelt, CEO of General Electric (the largest company in the world)
Lee Bollinger, President of Columbia University
Kathryn Wylde, President of Partnership for New York City ("a nonprofit membership organization comprised of a select group of two hundred CEOs...from New York City’s top corporate, investment and entrepreneurial firms. Partners are committed to working closely with government, labor and the nonprofit sector to enhance the economy and maintain New York City’s position as the global center of commerce, culture and innovation.")
Denis Hughes, President of the AFL-CIO (the largest federation of trade unions in America)
See list of regional directors for all Federal Reserve Banks here (http://www.federalreserve.gov/GeneralInfo/ListDirectors/default.cfm?WhichDistrict=13)
Each Federal Reserve Bank has a board of directors, whose members work closely with their Reserve Bank president to provide grassroots economic information and input on management and monetary policy decisions. These boards are drawn from the general public and the banking community and oversee the activities of the organization. They also appoint the presidents of the Reserve Banks, subject to the approval of the Board of Governors.
So let's take a look at the people who sit on the board of directors of the Federal Reserve Bank of New York, by far the largest and wealthiest of the twelve:
James Dimon, CEO of JP Morgan Chase & Co (the 3rd largest bank in America)
Richard Carrion, CEO of Popular, Inc (a financial and insurance conglomerate)
Charles Wait, CEO of Adirondack Trust Company (named the top small community bank by the Small Business Administration for eight consecutive years)
Jeffrey Immelt, CEO of General Electric (the largest company in the world)
Lee Bollinger, President of Columbia University
Kathryn Wylde, President of Partnership for New York City ("a nonprofit membership organization comprised of a select group of two hundred CEOs...from New York City’s top corporate, investment and entrepreneurial firms. Partners are committed to working closely with government, labor and the nonprofit sector to enhance the economy and maintain New York City’s position as the global center of commerce, culture and innovation.")
Denis Hughes, President of the AFL-CIO (the largest federation of trade unions in America)
See list of regional directors for all Federal Reserve Banks here (http://www.federalreserve.gov/GeneralInfo/ListDirectors/default.cfm?WhichDistrict=13)