Is the Federal Reserve Bank Privately owned or goverment owned?

Answer 1

Publicly owned. And its members are nominated by the president, and ratified by the Senate.

Answer 2

The Federal Reserve System is 'owned' by the government, but there are some semblance of private bank ownership and influence at the branch level.

At the top of the Federal Reserve System is the Board of Governors. These are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is absolutely no structure or mechanism for private ownership at this level. (If someone disagrees, please explain how someone could take legal title to own and control the Board of Governors).

The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. The shares cannot be sold on the open market. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. Whether this branch structure constitutes 'private ownership' is the subject of much debate. Even the courts have a hard time with making the distinction in related decisions. I personally equate it to contracting out; the Board of Governors has oversight and ultimate responsibility but the branch work is carried out by this contrived joint partnership arrangement of member banks.

A key point to your question is: Who controls monetary supply - Public or Private interests? There is no question that is controlled by the public arm of the Federal Reserve - the Board of Governors.

Answer 3

Federal Reserve Bank is a government-owned entity.

Answer 4

Government owned

Answer 5

It's part of the Federal Government and its chairman is appointed by the President.