Results 1 to 16 of 16

Thread: "federal" banks

  1. #1
    Regular Member self preservation's Avatar
    Join Date
    Apr 2012
    Location
    Owingsville,KY
    Posts
    1,039

    "federal" banks

    I know a lot of banks have the word "federal" in their name. Are these banks actual federal buildings? I know some banks post the "no guns allowed" signs, but I wonder if any banks are true federal buildings and are gun free due to law? Someone recently told me that all banks are gun free zones because they are federally insured (FDIC) but I don't think thats right.
    “The only thing necessary for the triumph of evil is for good men to do nothing.” Edmund Burke

    self-pres·er·va·tion (slfprzr-vshn)
    n.
    1. Protection of oneself from harm or destruction.
    2. The instinct for individual preservation; the innate desire to stay alive.

  2. #2
    Regular Member
    Join Date
    Apr 2010
    Location
    Las Vegas, ,
    Posts
    120
    As far as I know, there are no banks that are actually owned and operated by the federal government. Even the US central bank, the Federal Reserve, is not a government agency - it is a system of privately owned banks.

    Usually, when the name of the bank includes "federal", it means that they incorporated under federal laws and are regulated by the Office of the Comptroller in DC. If a bank uses "state" then it usually means they incorporated under state law and are regulated by the laws of the state.

  3. #3
    Regular Member DocWalker's Avatar
    Join Date
    Jul 2008
    Location
    Mountain Home, Idaho, USA
    Posts
    1,968
    The only bank the federal goverment owns is Ft. Knox.

    They put the word "federal" in there name to show it is a Federally Insured Bank and to convey that your money is safe there.

    I'm a member of a Federal Credit Union but it is a private bank with a fancy name.

  4. #4
    Regular Member self preservation's Avatar
    Join Date
    Apr 2012
    Location
    Owingsville,KY
    Posts
    1,039
    Quote Originally Posted by gutshot View Post
    There is no federal or Ky. state law that prohibits guns in banks. Federal Express is not government owned. Federal Ammunition is not government owned. Federal Way is a street in Seattle. My car is insured by Allstate, but Allstate does not own it or determine whether guns are allowed in it. This myth has appeared several times in several different state forums and has never been found to be true in any state. There may be some state that prohibits guns in banks, but not Ky. One bank I do business with used to have stickers that read, "Bringing a gun into this bank is illegal". I challenged them on it and told them it was not a crime to do so. After a little research them took them down. Banks are private property and privately owned. They are not federal government property.
    I actually own a thing or two that says "federal" on it but obviously isn't under any federal control. So I see what you are saying about the simple term "federal" not meaning sh!t. But with a bank being an actual building I just wanted to make sure. By the way, did you speak to your bank face to face or was it in the form of a letter? The reason I ask is because I am sending a letter to my bank over their "NGA" sign to see if I can convince them to remove it.
    “The only thing necessary for the triumph of evil is for good men to do nothing.” Edmund Burke

    self-pres·er·va·tion (slfprzr-vshn)
    n.
    1. Protection of oneself from harm or destruction.
    2. The instinct for individual preservation; the innate desire to stay alive.

  5. #5
    Regular Member papa bear's Avatar
    Join Date
    Jul 2010
    Location
    mayberry, nc
    Posts
    2,258
    one of the best answers i have heard on the FDIC thing was, that i have my house insured, but it does not mean the insurance company owns the house
    Luke 22:36 ; 36Then said he unto them, But now, he that hath a purse, let him take it, and likewise his scrip: and he that hath no sword, let him sell his garment, and buy one.

    "guns are like a Parachute, if you don't have one when you need it, you will not need one again"
    - unknown

    i you call a CHP a CCW then you are really stupid. period.

  6. #6
    Campaign Veteran since9's Avatar
    Join Date
    Jan 2010
    Location
    Colorado Springs, Colorado, USA
    Posts
    6,787
    Quote Originally Posted by self preservation View Post
    I know a lot of banks have the word "federal" in their name. Are these banks actual federal buildings? I know some banks post the "no guns allowed" signs, but I wonder if any banks are true federal buildings and are gun free due to law? Someone recently told me that all banks are gun free zones because they are federally insured (FDIC) but I don't think thats right.
    You are correct: FDIC banks and credit unions are NOT automatically "gun-free zones." They are private institutions the same as Walmart, IHOP, and others who respect local and state carry laws. When it comes to open carry, the owners (or members, for credit unions) set the standard when it comes to whether or not they will allow OC, CC, both, or neither.

    FDIC simply means the deposits are insured by the Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by:
    • insuring deposits
    • examining and supervising financial institutions for safety and soundness1 and consumer protection
    • making large and complex financial institutions resolvable
    • managing receiverships


    FDIC has absolutely ZERO authority to dictate a bank or credit union's decision to either respect or disrespect our Constitution.

    1"Safety and soundness" refers to best financial and banking practices ONLY. It has absolutely nothing to do with the physical safety of the bank's customers or patrons.
    Last edited by since9; 01-27-2016 at 11:27 PM.
    The First protects the Second, and the Second protects the First. Together, they protect the rest of our Bill of Rights and our United States Constitution, and help We the People protect ourselves in the spirit of our Declaration of Independence.

  7. #7
    Accomplished Advocate color of law's Avatar
    Join Date
    Oct 2007
    Location
    Cincinnati, Ohio, USA
    Posts
    3,735
    After all these years this question still comes up. 5/3 bank has Ohio law posted on their northern Ky branches. So how smart are banks? And why would you put your money in a bank that doesn't know the law?

    If you are going to carry a gun, know the damn laws. And cops don't know the law. And don't be so stupid to ask a cop what the law is. But, don't be so stupid not to ask the question. And I hope you are smart enough to know who to ask.

    One last thing, many attorneys don't know the law either. An attorney's opinion is only worth what you pay for it. And if you are paying for it then get it in writing.

    If you have any other question please feel free to ask us, our opinion is free.......
    Last edited by color of law; 01-28-2016 at 12:16 AM.

  8. #8
    Banned
    Join Date
    Jan 2012
    Location
    earth's crust
    Posts
    17,838
    Quote Originally Posted by SoLasVegas View Post
    As far as I know, there are no banks that are actually owned and operated by the federal government. Even the US central bank, the Federal Reserve, is not a government agency - it is a system of privately owned banks.

    Usually, when the name of the bank includes "federal", it means that they incorporated under federal laws and are regulated by the Office of the Comptroller in DC. If a bank uses "state" then it usually means they incorporated under state law and are regulated by the laws of the state.
    I have a federal AR15 .. now bloomy should feel safe.

  9. #9
    Accomplished Advocate color of law's Avatar
    Join Date
    Oct 2007
    Location
    Cincinnati, Ohio, USA
    Posts
    3,735
    Quote Originally Posted by gutshot View Post
    How did this thread get going again? It was asleep for 4 years before since9 decided to revive it. Didn't we beat this dead horse enough 4 years ago? Is there anything we can add to this that will make a difference?
    I guess since9 was having a slow day and was hankering to write something. He spun the wheel and landed on bank. And here we are.

  10. #10
    Regular Member papa bear's Avatar
    Join Date
    Jul 2010
    Location
    mayberry, nc
    Posts
    2,258
    Quote Originally Posted by gutshot View Post
    How did this thread get going again? It was asleep for 4 years before since9 decided to revive it. Didn't we beat this dead horse enough 4 years ago? Is there anything we can add to this that will make a difference?
    Just to let you know. There might have been NEW members that have not seen this discussed. It is God for some to see this
    Luke 22:36 ; 36Then said he unto them, But now, he that hath a purse, let him take it, and likewise his scrip: and he that hath no sword, let him sell his garment, and buy one.

    "guns are like a Parachute, if you don't have one when you need it, you will not need one again"
    - unknown

    i you call a CHP a CCW then you are really stupid. period.

  11. #11
    Regular Member
    Join Date
    Apr 2011
    Location
    Fayetteville NC
    Posts
    751
    Quote Originally Posted by papa bear View Post
    Just to let you know. There might have been NEW members that have not seen this discussed. It is God for some to see this
    Yup, here I am again. It is a subject I encounter quite often. Some apparently believe God posted the NGA signs.

  12. #12
    Regular Member self preservation's Avatar
    Join Date
    Apr 2012
    Location
    Owingsville,KY
    Posts
    1,039
    Thanks for everyone's input.....from 4 years ago as well as over the last few days. But I have made peace with this issue and have moved on.
    “The only thing necessary for the triumph of evil is for good men to do nothing.” Edmund Burke

    self-pres·er·va·tion (slfprzr-vshn)
    n.
    1. Protection of oneself from harm or destruction.
    2. The instinct for individual preservation; the innate desire to stay alive.

  13. #13
    Campaign Veteran MAC702's Avatar
    Join Date
    Jul 2011
    Location
    Nevada
    Posts
    6,520
    Many people have their homes insured by the Federal Emergency Management Agency. Their homes are no more government property than a federally-insured bank.

    EDIT: Nothing wrong with adding on to an old thread when it's actually on topic. Some would rather thereafter bump it with criticism, though. Don't quite understand that one.
    Last edited by MAC702; 02-06-2016 at 01:06 AM.
    "It's not important how many people I've killed. What's important is how I get along with the people who are still alive" - Jimmy the Tulip

  14. #14
    Accomplished Advocate color of law's Avatar
    Join Date
    Oct 2007
    Location
    Cincinnati, Ohio, USA
    Posts
    3,735

  15. #15
    Moderator / Administrator Grapeshot's Avatar
    Join Date
    May 2006
    Location
    North Chesterfield, Va.
    Posts
    34,620
    Quote Originally Posted by gutshot View Post
    That's just not good enough. This dead horse will need several more years of beating before it can be allowed to die it's well deserved death. You will not be allowed to "move on" until the very last lash of that beating.
    Been said another way: The beatings will continue until morale improves.
    You will not rise to the occasion; you will fall back on your level of training.” Archilochus, 650 BC

    Old and treacherous will beat young and skilled every time. Yata hey.

  16. #16
    Regular Member HPmatt's Avatar
    Join Date
    Aug 2013
    Location
    Dallas
    Posts
    1,597
    Horse wasn't fully dead - just mostly dead

    http://youtu.be/xbE8E1ez97M

    Only bank I know that is fully Federal is US House of Representatives Bank.


    Sent from my iPhone using Tapatalk
    “Men live without other security than what their own strength and their own invention shall furnish them"
    -Thomas Hobbes 1651

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •