So who actually does own the Fed Reserve Bank,if it isn a government agency per se?
About the Federal Reserve The Federal Reserve System is the central banking authority of the United States. It is a fiscal agency for the U.S. Government and custodian of the reserve accounts of commercial banks; it makes loans to the commercial banks; and is authorized to issue Federal Reserve notes — that is, the hand-to-hand currency with which we run our daily economic lives. Those commercial banks which are members of the “Fed” are required by law to purchase stock in their district Federal Reserve banks in order to supply them with a capital resource. These banks do not have .any “control” over the Federal Reserve. Control is exercised only by a Board of Governors, each member of which is a public servant appointed to his or her position by the President of the United States and confirmed by the U.S. Senate.
