Protesters cleared from outside SF Federal Reserve Bank

DAN MCMENAMIN/ Bay City NewsA group protesting the policies of the Federal Reserve

A group of protesters was peacefully removed Monday after camping overnight outside the Federal Reserve Bank of San Francisco to mark the 100th anniversary of the federal agency's creation.

Police began removing the group about 7 a.m. from outside the building, located at 101 Market St., police Officer Gordon Shyy said. There were no arrests made or citations issued, he said.

“Everyone left willingly,” he said.

The group, which included members of Occupy San Francisco, was criticizing the policies of the Federal Reserve, which was created Dec. 23, 1913, and sets the nation's monetary policy and helps regulate banking institutions.

Rick Flicek, a member of Occupy SF, said, “They play funny with people's loans” and, “Our money's only worth what they tell us.”

Flicek said there should be more transparency in the workings of the Federal Reserve.

“We just want money to be out of a private bank that is federal in name only,” he said.

The group used chalk to draw a mock version of a Monopoly game board on the sidewalk in front of the building, but a Department of Public Works employee hosed it off Monday morning.

Flicek said more than 100 people gathered for a 5 p.m. rally at the same spot.

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