Federal Reserve agents

[Michael Joseph]

Sort of a double edged sword - huh? But since they are that might mean one is a "Member Bank" - or in banking practices. And that is a benefit. So in mutual exchange - a benefit must have consideration - one might consider that consideration to be a tax or perhaps even a use fee. FEE being the qualification.

But since FRN's are a DUAL purpose note, I can hold a FRN in substance but its NATURE is a USN in redemption - I only have to make a demand - what happens is not my concern. This all is covered quite nicely here - CLICK ME

and CLICK ME TOO