The 12 Federal Reserve Banks are governmentally owned but privately controlled.

Question

Quizplus · Accepted Answer

The 12 Federal Reserve Banks are considered part of the Federal Reserve System, which is an independent entity within the government. While they have private aspects, such as member banks holding stock in their respective Federal Reserve Bank, they are not privately controlled. Their primary goal is to serve the public interest, and their governance structure includes both public and private elements to ensure they operate independently within the government framework.

The 12 Federal Reserve Banks Are Governmentally Owned but Privately