Take .Gov away from The Federal Reserve

The Issue

The Federal Reserve having a government url is misleading as they are not a government organization. The Federal Reserve operates just like any other bank, The Federal Reserve does not receive funding through the congressional budgetary process. The Fed's income comes primarily from the interest on government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the Federal Reserve System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions. After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.

This petition had 6 supporters

The Issue

The Federal Reserve having a government url is misleading as they are not a government organization. The Federal Reserve operates just like any other bank, The Federal Reserve does not receive funding through the congressional budgetary process. The Fed's income comes primarily from the interest on government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the Federal Reserve System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions. After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.

The Decision Makers

penny pritzker
penny pritzker

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Petition created on November 4, 2016