156k views
18 votes
Who is the owner of the Federal Reserve?

User TheWebs
by
5.5k points

1 Answer

11 votes

Answer:

The Federal Reserve System is not owned by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress

User HHC
by
6.1k points