It is part of the government. Its not “owned” by anyone, similar to a non-profit. It was created by the Federal govt. It’s board of governors are employees of

It is part of the government. Its not “owned” by anyone, similar to a non-profit. It was created by the Federal govt. It’s board of governors are employees of the govt. Similar to most major corporations the “ownership” is highly nuanced. It’s roughly equivalent to three share classes, the govt has the shares that pay dividends and most of the voting shares. Chartered banks hold some shares that have some voting rights, roughly equivalent to holding shares in a credit union. In some ways it’s a trust. As the beneficiary is the govt but it appoints a trustee and officially doesn’t own it. Defacto it’s owned and operated lock stock and barrel by the govt.