Shares in the Federal Reserve Banks are owned by
A)the federal government of the United States.
B)banks that are members of the Federal Reserve System.
C)the governments of the states in which they are located.
D)private citizens who own stock in them.

Question

Quizplus · Accepted Answer

Shares in the Federal Reserve Banks are owned by the banks that are members of the Federal Reserve System. The member banks are required to subscribe to stock in their regional Federal Reserve Bank in proportion to their size and net worth. However, ownership of this stock does not carry with it the same rights and powers of ownership in the traditional sense, as member banks are not allowed to sell or trade their stock and the stock does not appreciate in value. Additionally, the member banks do not control or oversee the operations of the Federal Reserve Banks.

Shares in the Federal Reserve Banks Are Owned by