In Terms of the Federal Reserve System, Which of the Following

In terms of the Federal Reserve system, which of the following statements is true?

A) The 12 Federal Reserve banks in the United States are owned by private member banks.
B) The primary reason the Federal Reserve was created was to establish a new U.S. currency.
C) The Federal Open Market Committee is responsible for determining the growth of the U.S. money supply.
D) The Board of Governors consists of 12 members, each appointed for a 14-year term.
E) The monetary actions by the Federal Reserve require congressional approval.