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  1. The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.

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      The Federal Reserve Bank of Atlanta, (informally referred to...

    • Philip Jefferson

      Philip Nathan Jefferson (born 1961/1962) is an American...

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      The Federal Reserve Bank of Kansas City is located in Kansas...

    • Susan M. Collins

      Susan M. Collins (born 1959/1960) is an American economist...

  2. Mar 1, 2017 · Who owns the Federal Reserve? 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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  4. Jan 30, 2022 · Learn how the Federal Reserve works, who actually owns it, and how they are held accountable. Who Owns the Federal Reserve? The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913.

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  5. Feb 23, 2017 · The truth is, the Federal Reserve was established to serve the public interest and is not owned by anyone. To fulfill our monetary policy goals (full employment and stable prices, often referred to as our "dual mandate"), the Fed operates as an independent entity within the government.

  6. Jan 25, 2024 · Who Owns the Federal Reserve? The Federal Reserve System is not owned by anyone. It was created in 1913 by the Federal Reserve Act to serve as the nation's central bank.

  7. Who "Owns" the Fed? The Federal Reserve System fulfills its public mission as an independent entity within government. Congress established the 12 regional Federal Reserve Banks as the operating arms of the nation's central banking system.

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