Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency:
Court Rules Federal Reserve is Privately Owned
David West raised four kids in Los Angeles working as a Hollywood cinematographer — no mean...
The US labor market picked up in March as employers showed signs of resilience amid the...
