the private commercial banks in each district which are members of the FR system is the governments of the states in which the banks are located correct option is d.
The Federal Reserve System (FRS) is the central bank of the United States. It consists of a Board of Governors in Washington, D.C., and 12 regional Federal Reserve Banks. Each Federal Reserve Bank is a separate corporation that is owned by the member banks in its district.
Member banks are private commercial banks that have chosen to join the FR system. They are required to hold stock in their regional Federal Reserve Bank, but they do not own the bank in the same way that shareholders own a corporation.
The governments of the states in which the Federal Reserve Banks are located do not own the banks, but they do have some oversight of their activities. For example, state governors appoint members to the boards of directors of the Federal Reserve Banks.
complete the question
Who owns the private commercial banks in each district which are members of the fr system?
a) the private commercial banks in each district which are members of the fr system
b) those households which have purchased stock in federal reserve system
c) the federal government
d) the governments of the states in which the banks are located