The Federal Reserve System is owned by:

Question

Quizplus · Accepted Answer

The Federal Reserve System is owned by the member banks of the system. These banks are required to purchase stock in the Federal Reserve Banks in their district and hold it as a condition of membership. The member banks do not own the Federal Reserve Banks outright, but they do receive a fixed 6% dividend on their stock and are able to elect six of the nine members of each Reserve Bank's board of directors. The Federal Reserve System is not owned by the federal government, the Congress, or individual stockholders.

The Federal Reserve System Is Owned By