So according to a FOIA Citibank was the largest shareholder of the New York Regional Fed in 2019. JP Morgan was second behind them. If I’m recalling correctly they owned 46% of all shares held by the New York Regional Fed. Due to the 12 distinct regional feds it makes it much harder to get an idea of what percentage of shares a bank holds of the total shares of the Federal Reserve.
I think about these things, and then I stare at these two charts and wonder how the system has not blown up yet
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