Quote Originally Posted by Freed Gerdes View Post
Suppose you make a demand for lawful money to the Federal Reserve; it is their money, so they have to redeem it. Freed G
LOL! Been there done that. I asked them and they said they have nothing to do with redemption of FRN's.

So who is the only beast left?

Was it the Treasury or Congress which created the FRB?

Richmond said " Federal Reserve Banks were established by the Congress as the operating arms of the nation's central banking system. Many of the services provided to depository institutions and the federal government by this network of Reserve Banks are similar to services provided by commercial banks and thrift institutions to business customers and individuals. However, the Federal Reserve Banks do not provide banking services, including accounts, to individuals". https://www.richmondfed.org/faqs/frs