<p>These assets are owned by the <a href="https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm" rel="nofollow noreferrer">Federal Reserve System</a> or Fed for short. Fed is an decentralized organization that consist of 12 reserve banks and the board. <a href="https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-banks.htm" rel="nofollow noreferrer">The 12 reserve banks are</a>:</p>
<ol>
<li>Federal Reserve Bank of Boston</li>
<li>Federal Reserve Bank of New York</li>
<li>Federal Reserve Bank of Philadelphia</li>
<li>Federal Reserve Bank of Cleveland</li>
<li>Federal Reserve Bank of Richmond</li>
<li>Federal Reserve Bank of Atlanta</li>
<li>Federal Reserve Bank of Chicago</li>
<li>Federal Reserve Bank of St. Louis</li>
<li>Federal Reserve Bank of Minneapolis</li>
<li>Federal Reserve Bank of Kansas City</li>
<li>Federal Reserve Bank of Dallas</li>
<li>Federal Reserve Bank of San Francisco</li>
</ol>
<p>The board is in Washington D.C.</p>
<p>These collectively own all Fed assets.</p>
<p>In turn Fed is government institution, so you could say de facto those assets are owned by U.S. Government, although de jure Fed has independent and decentralized structure so I am not sure if U.S. government has legal claims to these assets, that would be question for law.se.</p>

CC BY-SA 4.0
2022-01-05T18:37:36.433Z
So if the government borrows money from the Fed, does the government actually borrow money from itself?
Riemann
CC BY-SA 4.0
2022-01-05T18:38:15.830Z
@Riemann yes pretty much (also I think you meant to say borrow)
1muflon1
CC BY-SA 4.0
2022-01-05T18:40:46.530Z
Your're right; I changed it.
Riemann
CC BY-SA 4.0
2022-01-05T12:51:21.683Z
2022-01-05T12:51:21.683Z
1muflon1
<p>At <a href="https://www.swfinstitute.org/fund-rankings/central-bank" rel="nofollow noreferrer">this website</a>, I see that the total assets of the Federal Reserve System are worth more than 8 trillion dollars. Which people or institutions own these assets?</p>

<federal-reserve>
Which people or institutions own the assets of the Federal Reserve System?
Riemann
# Which people or institutions own the assets of the Federal Reserve System?

(Asked by: username_0 on 2022-01-05)

At [this website](https://www.swfinstitute.org/fund-rankings/central-bank), I see that the total assets of the Federal Reserve System are worth more than 8 trillion dollars. Which people or institutions own these assets?

**Tags:** federal-reserve

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## 1 answers

### Answer by username_1 on 2022-01-05. Score: 2 | Accepted answer

These assets are owned by the [Federal Reserve System](https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm) or Fed for short. Fed is an decentralized organization that consist of 12 reserve banks and the board. [The 12 reserve banks are](https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-banks.htm):

1. Federal Reserve Bank of Boston
2. Federal Reserve Bank of New York
3. Federal Reserve Bank of Philadelphia
4. Federal Reserve Bank of Cleveland
5. Federal Reserve Bank of Richmond
6. Federal Reserve Bank of Atlanta
7. Federal Reserve Bank of Chicago
8. Federal Reserve Bank of St. Louis
9. Federal Reserve Bank of Minneapolis
10. Federal Reserve Bank of Kansas City
11. Federal Reserve Bank of Dallas
12. Federal Reserve Bank of San Francisco

The board is in Washington D.C.

These collectively own all Fed assets.

In turn Fed is government institution, so you could say de facto those assets are owned by U.S. Government, although de jure Fed has independent and decentralized structure so I am not sure if U.S. government has legal claims to these assets, that would be question for law.se.

> **Comments:**
> **username_0**: So if the government borrows money from the Fed, does the government actually borrow money from itself?  
> **username_1**: @Riemann yes pretty much (also I think you meant to say borrow)  
> **username_0**: Your're right; I changed it.  

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