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Thread: "residents of the district" (Federal Reserve Act)

  1. #1

    "residents of the district" (Federal Reserve Act)

    This is from section 4.20 of the Federal Reserve Act concerning requirements for "Class C Directors". In particular note the requirement of being a "resident of the district":

    They shall have been for at least two years residents of the district for which they are appointed, one of whom shall be designated by said board as chairman of the board of directors of the Federal reserve bank and as "Federal reserve agent." He shall be a person of tested banking experience, and in addition to his duties as chairman of the board of directors of the Federal reserve bank he shall be required to maintain, under regulations to be established by the Board of Governors of the Federal Reserve System, a local office of said board on the premises of the Federal reserve bank.
    Thusly you see, it is legally possible for a person to be a resident of a Federal Reserve district.

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    Last edited by allodial; 03-10-16 at 07:21 PM.
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  2. #2
    Here is the Act.



    Interestingly as well is that there does not seem to be any post-1933 requirements or licensing to become a state bank.


    Senator McFADDEN practically declared the people could be state banks.

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    Pay attention too, how state banks are certainly people, to be able to be lunatic...

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  3. #3
    One might be better to consider the "district" as the "city of Washington, District of Columbia".

    View Page 34, the Oath of Office in light of the Montana Code.


    I wish I had a solid parallel for Colorado. However district is not restricted by state boundary - as in METRO organization. Thanks for the map Allodial; the example in mind is New Mexico.
    Last edited by David Merrill; 03-11-16 at 12:51 AM.

  4. #4
    Citizenship & Nationality

    De Jure vs. De Facto Statelessness

    Lack of registration at birth, which is a serious issue in developing countries, also places children at risk of statelessness. Although not having a birth certificate does not automatically make a child stateless, children who have no legal proof of where they were born, the identity of their parents, or the birthplace of their parents, are at a heightened risk of statelessness. UNHCR & Asylum Aid, Mapping Statelessness in The United Kingdom 23 (2011). The importance of birth registration can be seen in various international and regional human rights instruments that guarantee the right of every child to be registered at birth.


    http://www.ijrcenter.org/thematic-re..._Statelessness

  5. #5
    Cesar protocol guarantee the states right for every child to be registered at birth. How is it registration of a product creates ownership branding irons in the fire.

  6. #6
    Quote Originally Posted by xparte View Post
    Cesar protocol guarantee the states right for every child to be registered at birth. How is it registration of a product creates ownership branding irons in the fire.
    Because all entity's are a franchise of the State.

    Franchise

    A special privilege to do certain things that is conferred by government on an individual or a corporation and which does not belong to citizens generally of common right,


    Read the whole definition at
    http://legal-dictionary.thefreedictionary.com/franchise

  7. #7
    Quote Originally Posted by walter View Post
    Because all entity's are a franchise of the State.

    Franchise

    A special privilege to do certain things that is conferred by government on an individual or a corporation and which does not belong to citizens generally of common right,


    Read the whole definition at
    http://legal-dictionary.thefreedictionary.com/franchise
    According to Blackstone, a franchise was the exercise of a sovereign prerogative by a subject under permission or grant of course.

    I guess you could say it was an avenue for the king to monetize his peculiar rights.

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