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The Federal Reserve System is an entity unto itself. The Fed's largest member banks are

* Chase Manhatten Bank
* Citibank
* Morgan Guaranty Trust Company
* Fleet Bank
* Bankers Trust
* Bank of New York
* Marine Midland Bank, and
* Summit Bank.

The Federal Reserve "System" is controlled by the Board of Governors (the Board) and the Federal Open Market Committee (FOMC).

The law does not permit the stock of a Federal Reserve Bank to be traded publicly like the stock of a typical corporation. The original Federal Reserve Act called for each regional Bank to sell stock to raise at least $4 million to begin operations. The stock was to be sold only to banks, not to the public. Only in the event that sales to member banks did not raise the necessary $4 million would the regional Fed Banks be permitted to sell shares to the public. However, all Banks raised the requisite amount of capital.

No stock in any Federal Reserve Bank has ever been sold to the public

The Federal Reserve rebates over 95% of it's profits into the Treasury, which it has been doing since 1947

My turn to ask a question. How can we owe almost 8 Trillion dollars in interest on money's lent to the US goverment by the Federal Reserve?

This should be good...