>By the way, I thought that the Feds were wholly, not partly, owned by the
>banks?
The regional Feds are owned by their member banks, who name 2/3 of the board members of each branch; the Board in Washington is a government agency.
Point of internet protocol: notice that all the regional Feds are in the .org domain, not .gov. The Board uses the .us suffix, ducking the issue, though their email addresses do have the .gov suffix.
Doug