The Federal Reserve System include the following except U.S. Treasury.
Answer: Option A
Step-by-step explanation:
Some times the federal reserve system and the treasury of the United States work together but the treasury of the United States is not a part of the federal reserve system. The federal reserve system plays the role of a mid man between the private banks and the government of the country where as the treasury department of the country makes payments to whom so ever the executive branch orders. Thus they are not a part of each other but sometimes work together.