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Asked: May 25, 20212021-05-25T15:59:45+02:00 2021-05-25T15:59:45+02:00In: Finance

who owns the central bank

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who owns the central bank
bankcentralcentral bank
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    1. Mosongo Mobarak
      Mosongo Mobarak
      2024-11-25T15:38:13+02:00Added an answer on November 25, 2024 at 3:38 pm

      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.

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