Who Owns The Federal Reserve? The vast majority of people are under the impression that the, “Fed,” is a government entity and acts in the interests of the citizens of the Republic of the United States. The creators and managers of the Federal Reserve, who profit handsomely on government borrowing and fractional reserve lending, have worked very hard at maintaining this illusion. If you look in your local phone book for The Federal Reserve, chances are you will not find it in the blue government pages, but under the business listings near Federal Express. This is a pretty good clue that The Federal Reserve is in fact a privately owned entity, established in 1913 with the Federal Reserve Act. Multiple Supreme Court rulings have ruled as such. But don’t take my word for it. Look at what a Federal Reserve Corporate Communications representative says:
Each one of the twelve banks is a separate closely-held corporation. We’re literally owned by the banks in our district. Since we are private corporations we pay property tax and everything else.
~ Jerry Nelson, Corporate Communications for the Federal Reserve, 2009
There is an increasing pressure from the public to see what really goes on behind the curtain, as evidenced by the Audit the Fed bills that have been introduced into Congress.