[Toddsterpatriot]

that the Federal Reserve is not part of the government: anymore than ‘Fed Ex’ is. It’s a privately-owned company.

Nope. Part of the government.

The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution.

Who owns the Federal Reserve?

[agere_contra]

Regardless of what you paste from the FRB site, the FRB has shareholders. These shareholders earn interest - it used to be 6% a year, don't know what it is now.

Just because the Federal Government has endorsed the FRB and given them status, it doesn't change the fact that they are a privately-owned organization.