What private banks make up the Federal Reserve?

The amount of shares owned by private banks in Federal Reserve branches is not public but is easy to calculate. The law states that member banks must purchase shares equal to 3% of their capital. read more

The Federal Reserve Banks are involved in this function in several ways. First, five of the twelve presidents of the Federal Reserve Banks serve, along with the seven members of the Board of Governors, as members of the Federal Open Market Committee (FOMC). read more

The amount of shares owned by private banks in Federal Reserve branches is not public but is easy to calculate. The law states that member banks must purchase shares equal to 3% of their capital. So if know total banking assets (around $5T), and we look at the assets of the biggest banks, you get an idea of their Fed shares. 1. read more

This central banking "system" has three important features: (1) a central governing board--the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics. read more