Federal Reserve System
Many people are surprised to learn the Federal Reserve System is not the country's first central bank. Congress made two unsuccessful attempts at central banking before the Fed was established. The System's earliest precursor, the First Bank of the United States, was established by Congress in 1791 on a 20-year charter, with the mandate to "manage the government's money and to regulate the nation's credit." The Bank acted as the government's fiscal agent, marketing its securities, holding its revenues, and paying its debts.
The federal government maintained partial control of the Bank, but it was led primarily by private investors. . The Bank's main office was located in Philadelphia and its branches were concentrated in large northeastern cities
Here in their words we have my thesis. The fed is the third central bank in our history. The Bank of the United States being the first central bank. The government may maintain "partial control", but the central banks are led mainly by "Private investors". this is a very politic language for the fact that they are private corporations. A central bank is a private corporation, with shareholders who are not our government. We've had three of those. We have never had a national bank owned by the government.