Federal Reserve Has Been Issued Police Powers

Federal Reserve Has Been Issued Police Powers
by Tim Brown

Did you know that the Federal Reserve is not a government entity? They aren’t. They are a private Bank that works with the federal government. However, id you know that they were also vested with police powers? That’s right, a non-government bank has police powers via the federal government.

The USA Patriot ACt of 2001, which is anything but patriotic, bestowed domestic police powers on the 12 privately owned Federal Reserve Banks.

Section 364 of the Act,

“Uniform Protection Authority for Federal Reserve,” reads: “Law enforcement officers designated or authorized by the Board or a reserve bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the United States committed in their presence…Such officers shall have access to law enforcement information that may be necessary for the protection of the property or personnel of the Board or a reserve bank.”

Read more: http://freedomoutpost.com/2012/09/federal-reserve-has-been-issued-police-powers/#ixzz26v27FcvB

Pam Martens, of AlterNet, writes,

The police officers are technically known as FRLEO, short for Federal Reserve Law Enforcement Officer. The system has its own police academies for training, their own patch and badges, uniforms, pistols, rifles, police cars and the power to arrest coast to coast without a warrant. They have ranks of Sergeant, Lieutenant, Captain and a recruitment ad campaign with the slogan: “It’s about respect and recognition from your peers. It’s you.”

The FRLEOs employed by the Federal Reserve Board of Governors in Washington, D.C. are considered employees of the Federal government since the Board is a government entity. Each of the 12 Federal Reserve Banks, as settled law under Lewis v. United States confirms, is a private corporation owned by commercial banks in its region. An email to several of the Federal Reserve Banks confirmed that they regard their FRLEOs to be privately employed by the bank.

There is also the obvious question as to why the expense, training and potential liability of armed police would be necessary when all of the Federal Reserve Banks are in cities with large municipal police forces. With private bankers sitting on the Boards of each of these Reserve Banks, many of whom are officers of banks under criminal investigation, there is the serious need for Congressional investigation into how the Nation’s criminal databases are being used by the private sector as well as the further chilling of protest and dissent from another new sheriff in town.

Read more: http://freedomoutpost.com/2012/09/federal-reserve-has-been-issued-police-powers/#ixzz26v2F6xbd