It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Today, the Federal Reserve’s duties fall into four general areas:
conducting the nation’s monetary policy by inf luencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system
The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.
In the Bretton Woods Agreement Act the Secretary of the United States Treasury, now defunct due to the Act of 1920, was installed as the IMF head. The phrase United States was dropped. This can he found in 00 Statutes at Large 1401 cf. seq. You see., Mr. Editor, every Secretary of the Treasury since then is not the Secretary of' the Treasury of' the United States. He is the Secretary of the Treasury alright, but he is the Secretary of the Treasury of the FED.RFS./IMF. He is not paid by the United States government as stated in 60 Stat 1401 et seq. Under international law fie cannot be paid. He owes no allegiance to the U.S. being a member of such organization as stated in law and in the case of Mendero v the World bank case. in fact we have a letter that states that the Secretary of the Treasury has no SUBSCRIBED oath of office as required under Title 5 USC 333 1. You see the U.S. Treasury exists in name only.