Created by an act of Congress, the same Congress which created two Fugitive Slave Acts (1793 and 1850):

http://www.federalreserve.gov/faqs/about_12594.htm

1. What is the Federal Reserve System?

The Federal Reserve System, also known as “The Fed,” is the central bank of the United States. In its role as a central bank, the Fed is a bank for other banks and a bank for the federal government. It was created to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. The Federal Reserve System is a network of twelve Federal Reserve Banks and a number of branches under the general oversight of the Board of Governors. The Reserve Banks are the operating arms of the central bank.

but can a sistah get a loan? damn! or at least get some of my money back from Venrock.com

eek and look at the list of chairmen, moreso the “faces” and how long this role has existed (since 1916, although Federal Reserve since 1913) and how “exclusive” the position is. and the person gets to resign when they’re ready. so if the “getting is continually good” for those at the top, a chairman can theoretically remain in office until the moon turns neon pink.

Chairman: “Reign of Power”
Charles S. Hamlin Aug. 10, 1914 – Aug. 9, 1916
W.P.G. Harding Aug. 10, 1916 – Aug. 9, 1922
Daniel R. Crissinger May 1, 1923 – Sept. 15, 1927
Roy A. Young Oct. 4, 1927 – Aug. 31, 1930
Eugene Meyer Sept. 16, 1930 – May 10, 1933 (also served as a World Banking President)
Eugene R. Black May 19, 1933 – Aug. 15, 1934
Marriner S. Eccles Nov. 15, 1934 – Jan. 31, 1948
Thomas B. McCabe Apr. 15, 1948 – Mar. 31, 1951
Wm. McChesney Martin, Jr. Apr. 2, 1951 – Jan. 31, 1970
Arthur F. Burns Feb. 1, 1970 – Jan. 31, 1978 (born in Stanyslaviv, Galicia (Ukraine) or “Stanislau, Austria”, whichever is convenient for history, and nominated by President Richard Nixon for easy access to credit when needed!)
G. William Miller Mar. 8, 1978 – Aug. 6, 1979 (also served as United States Secretary of the Treasury)
Paul A. Volcker Aug. 6, 1979 – Aug. 11, 1987 (also served as President of the Federal Reserve Bank of New York. eekshocked! he allegedly endorsed Barack Obama for President 2008. wow.
Alan Greenspan Aug. 11, 1987 – Jan. 31, 2006 (of Hungarian Jewish descent)
Ben S. Bernanke Feb. 1, 2006 – present (of European Jewish (Ashkenazi) descent)

what really concerns me is that the Klan ran this country until the mid-1980s, which means this position was really for the “superior” or “segregationists”. however, latter chairmen were Jim Crow benefactors – migrated from continents of Europe or Asia.

and the current Federal Reserve Board is comprised of five white males only.(:neutral:)

but, ironically this act has been established and posted on their site. and note the number of final findings against the organization. interesting. (:neutral:)

No FEAR Act

The Notification and Federal Employee Anti-discrimination and Retaliation Act (No FEAR Act) of 2002 increases federal agency accountability for acts of discrimination or reprisal against employees.

The No FEAR Act requires agencies to post on their public websites statistical data relating to equal employment opportunity complaints filed against the respective agencies.

The Federal Reserve Board’s public website contains statistical data in accordance with the No FEAR Act.

Information updated as of December 31, 2007
federalreserve.gov/eeo/

hell, I’m afraid just seeing who’s at the top!

and on a related note, check out the presidents of the World Banking Group