Comment: Kind of. Actually the other way around.

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Kind of. Actually the other way around.

Cede & Co is also owned by the Fed.

Cede is the actual issuer of the stock. If you look at any IPO ad for any company in the NYT or WSJ, Cede is the stock issuer. Cede deposits the shares into DTCC.

DTCC is the "Depository Trust" who then turns around and issues beneficiary share rights to brokers.