About The Federal Reserve System. How it Operates And How it Affects Your Present And Your Future.

If you are keen to learn about the Federal Reserve System there are a couple of basic facts you need to know.

First, this is a privately owned bank which controls the money (banknotes, coinage) and all the credit in the U.S.

It is owned not by individuals but by other banks, namely the 12 central banks in the so-called Federal Reserve Bank regions.

You might have thought that the United States was divided into 50 states.