answersLogoWhite

0

no an ordinary citizen can not have an account with the federal reserve bank, only government employee s can.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Does The US Treasury keeps a checking account with the Federal Reserve?

Yes the US treasury keeps a checking account with the Federal Reserve


What is your federal reserve bank account number?

account associated with your birth certificate


What is approximate value of funds held in the open market reserve account of the Federal Reserve Bank of New York?

The approximate value of funds held in the open market reserve account of the Federal Reserve Bank of New York is $496 billion.


Can an average citizen maintain an account at the federal reserve?

No, an average citizen cannot maintain a direct account at the Federal Reserve. The Federal Reserve primarily serves as a bank for other banks and financial institutions, facilitating monetary policy and providing services such as clearing and settlement. Individuals typically interact with the Federal Reserve indirectly through their commercial banks, which hold reserves at the Fed.


Who owns the fed?

in 1913 several senators were bribed to pass the federal Reserve act . The Federal Reserve is owned by a Privately owned banking cartel. it is not federal and it is not a reserve. they make 36 million dollars a hour off interest charged to american citizens. to print money out of thin air


What are three purposes the Federal Reserve Bank of New York has for its open market purchase account?

The 3 purposes of the pen market purchase account maintained by the Federal Reserve Bank of New York are to implement the U.S. monetary policy, to influence the supply of reserve balances, and to reinvest the proceeds of maturing securities.


What government agency conducts monetary policy in the United States?

The Federal Reserve is responsible for managing the money supply in the U.S.


What was the singular achievement of the Federal Reserve Act?

Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.


When was the federal reserve established?

The Federal Reserve was created in 1913


How many federal reserve districts did the Federal Reserve Act divide the US into?

There are twelve Federal Reserve districts in the U.S.


What law was passed by congress to prevent financial panic?

The Federal Reserve Act...Apex:)


What is federal reserve system for?

what is one of examiner jobs at the federal reserve