Is the Federal Reserve Bank really a privately owned company?

in banking •  4 years ago 

"Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value."
https://www.facts-are-facts.com/news/the-federal-reserve-is-privately-owned

"The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913"
https://www.thebalance.com/who-owns-the-federal-reserve-3305974

"The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress."

"Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations"
https://www.federalreserve.gov/faqs/about_14986.htm

"Below are excerpts from a court case proving the Federal Reserve system’s status. As you will see, the court ruled that the Federal Reserve Banks are “independent, privately owned and locally controlled corporations”, and there is not sufficient “federal government control over ‘detailed physical performance’ and ‘day to day operation'” of the Federal Reserve Bank for it to be considered a federal agency"
https://www.globalresearch.ca/the-federal-reserve-is-a-private-financial-institution/8518

"The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government."
https://rense.com/general17/youthinkyouown.htm

"The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public."
https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks

"But the Fed is a weird entity when it comes to “ownership”. It exists due to an act of Congress. But it is also considered an independent entity because it is not part of the Executive or Legislative branches of government. The Fed exists because Congress created it, but it doesn’t enact policy measures with any Congressional or Presidential approval. Politically, this makes it a very independent entity."

"The Federal Reserve system is an imperfect, but rather innovative clearinghouse. Its structure as “independent within government” makes it hard to decipher precisely who owns it."
https://www.businessinsider.com/who-actually-owns-the-federal-reserve-2013-10?op=1

"The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks."
https://www.factcheck.org/2008/03/federal-reserve-bank-ownership/

Court Rules Federal Reserve is Privately Owned
http://www.save-a-patriot.org/files/view/frcourt.html

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