By mid morning on Monday, September 17, as Occupy Wall Street protesters marched around the perimeter of the Federal Reserve Bank of New York, all signs that an FRPD (Federal Reserve Police Department) existed had disappeared. The FRPD patrol cars and law enforcement officers had been replaced by NYPD patrol cars and officers. That decision may have been made to keep from drawing attention to a mushrooming new domestic police force that most Americans do not know exists.
FRLEOs now even have their own Federal Reserve Policemen’s Benevolent Association, Local 385. The group’s Facebook page  carries the statement that it is a “government organization.” The site says the group “was established to create a fraternal organization for its membership and to act on behalf of the members as a liaison between the New Jersey State PBA and all other police agencies within the state and the country.” The connection to New Jersey likely stems from a now deceased police officer, James Rose, from Moonachie, New Jersey, who was a FRLEO in New York and helped to establish Local 385. In addition, the Regional office of the New York Fed is located in East Rutherford, New Jersey.
In addition to regular policing functions, the Federal Reserve police have been observed in airports with rifles, functioning as dignitary protection teams. Various recruitment ads confirm that this is sometimes part of the job.
Buttressing the private nature of the Federal Reserve Banks, the Maiden Lane building that the Occupy Wall Street protesters were swarming around this morning, chanting “F*** the Fed,” was purchased on February 28, 2012 by the New York Fed, which had previously been leasing the building. According to the press release the “Federal Reserve Bank of New York (New York Fed) today announced that it has acquired the building at 33 Maiden Lane for $207.5 million from Merit US Real Estate Fund III, L.P. and established a new, wholly owned limited liability company called Maiden & Nassau LLC to serve as owner of the building.”
The Federal Reserve Building up for sale at 301 Rosa L. Parks Avenue in Nashville has this slogan engraved on the building: “Federal Reserve System Through Which Our Banks and Government Join Hands to Further the Enduring Prosperity of American Commerce, Industry and Agriculture.”
There is nothing in that motto that shows a concern for the average American. And that’s the problem inherent in the continuing venting of anger against Wall Street banks and their perceived crony patrons at the Fed who gave them trillions of dollars in low-cost bailout loans and then fought a court battle to keep the loans a secret. That domestic policing functions have now been added to the mix can only create more suspicions and hostility.