Technically, the Federal Reserve district banks are corporations whose stockholders are the
A)state governments in each district.
B)citizens of the United States.
C)Departments of Treasury and Commerce.
D)member banks.

Question

Quizplus · Accepted Answer

The Federal Reserve district banks are owned by member banks. This means that the member banks collectively own the district banks and hold stock in them. This ownership structure is meant to ensure that the Federal Reserve banks are accountable to the private sector and not solely controlled by the government.

Technically, the Federal Reserve District Banks Are Corporations Whose Stockholders