The Federal Reserve Banks are ________ institutions since they are owned by the ________.

Question

Quizplus · Accepted Answer

The Federal Reserve Banks are considered quasi-public institutions because while they are owned by private commercial banks in the district where the Reserve Bank is located, they also have a public function in implementing monetary policy to benefit the entire economy. The Board of Governors oversees the system, but they do not own the individual Reserve Banks.

The Federal Reserve Banks Are ________ Institutions Since They Are