The Federal Reserve is a private corporation.
Which state is it registered in?
I'll go look up its incorporation papers.
Kind of. The Federal Reserve has both a private and a government component. The Board of Governors and its staff are federal employees. The twelve individual banks and their employees are not. Each individual federal reserve bank is owned by the member banks within their district. Individual bank boards are elected by member banks and those boards select bank presidents. A percentage of the profits generated by each bank, I believe it's five or six percent, are returned to member banks as dividends. The rest of the profits are turned over to the federal government.