<p>The Federal Reserve is a system, consisting of the reserve banks, which are "owned" (in a limited fashion) by their member banks (members select the leadership of the reserve banks), and the Federal Reserve Board of Governors, which oversees the member banks and is independent within the government (that is, the Governors are nominated by the President and confirmed by the Senate, but neither has direct control over the Board beyond its composition and the legal authorities assigned to it). All of this is covered in the law that gives the Fed its authorities, the <a href="https://www.federalreserve.gov/aboutthefed/fract.htm">Federal Reserve Act</a>. </p>

CC BY-SA 3.0
2016-06-02T21:43:33.710Z
2016-06-02T21:43:33.710Z
dismalscience
<p>Does anyone know who actually owns the federal reserve? It's like a public private institution, who are the private owners, and who are the public owners? </p>

<money-supply><federal-reserve>
Who owns the federal reserve?
tibo
# Who owns the federal reserve?

(Asked by: username_0 on 2016-06-02)

Does anyone know who actually owns the federal reserve? It's like a public private institution, who are the private owners, and who are the public owners?

**Tags:** money-supply, federal-reserve

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## 1 answers

### Answer by username_1 on 2016-06-02. Score: 6 | Accepted answer

The Federal Reserve is a system, consisting of the reserve banks, which are "owned" (in a limited fashion) by their member banks (members select the leadership of the reserve banks), and the Federal Reserve Board of Governors, which oversees the member banks and is independent within the government (that is, the Governors are nominated by the President and confirmed by the Senate, but neither has direct control over the Board beyond its composition and the legal authorities assigned to it). All of this is covered in the law that gives the Fed its authorities, the [Federal Reserve Act](https://www.federalreserve.gov/aboutthefed/fract.htm).


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