The Federal Reserve System is owned by
A) federal government agencies such as the Treasury.
B) the Congress of the United States.
C) the banks that are members of the Federal Reserve System.
D) anyone who buys stock over the counter.
E) people who have deposits in member banks.

Question

Quizplus · Accepted Answer

The Federal Reserve System is indeed a unique institution because it is not entirely owned by the government nor is it purely a private entity. In fact, it is structured as a quasi-public institution with ownership shared by the member banks that make up the Federal Reserve system. While the Federal Reserve is not a publicly traded corporation and its shareholders do not earn profits like traditional shareholders, the member banks do receive dividends on their shares in the Federal Reserve.

The Federal Reserve System Is Owned by