#1
4th December 2015, 08:32 AM
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Is the federal reserve bank privately held
Will you please tell me is the Federal Reserve Bank privately held, give me some information about this?
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#2
4th December 2015, 08:49 AM
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Re: Is the federal reserve bank privately held
Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution. It is considered an independent central bank There are twelve in total that were created by the Federal Reserve Act of 1913 Federal Reserve Bank of Atlanta Federal Reserve Bank of Boston Federal Reserve Bank of Chicago Federal Reserve Bank of Cleveland Federal Reserve Bank of Dallas Federal Reserve Bank of Kansas City Federal Reserve Bank of Minneapolis Federal Reserve Bank of New York Federal Reserve Bank of Philadelphia Federal Reserve Bank of Richmond Federal Reserve Bank of San Francisco Federal Reserve Bank of St. Louis Members of the Board Janet L. Yellen Chair Stanley Fischer Vice Chairman Daniel K. Tarullo Jerome H. Powell Lael Brainard |