Ask Beth: Is the Federal Reserve part of the government?
Main theme
The Federal Reserve is a decentralized central bank. The Board of Governors are appointed by the President and confirmed by the Senate, and they are part of the government. The regional Reserve Banks are shareholder-owned private corporations, and they are technically not part of the government.
Video summary
Cleveland Fed president, Beth Hammack, explains how the Federal Reserve, a decentralized central bank, is structured. This is one video from her series titled “Ask Beth.”
Other videos in the series
Ask Beth: What is the Supervision Function of the Federal Reserve?
Cleveland Fed president and CEO Beth Hammack explains the supervision function of the Federal Reserve in her video shorts series, “Ask Beth.”
Ask Beth: What is the Federal Reserve’s role in the Payment System?
Cleveland Fed president and CEO Beth Hammack explains the Federal Reserve’s role in the payment system in her video shorts series, “Ask Beth.”
Ask Beth: What is Financial Stability?
Cleveland Fed president and CEO Beth Hammack explains financial stability in her video shorts series, “Ask Beth.”
Ask Beth: What is the Consumer Protection and Community Development function of the Federal Reserve?
Cleveland Fed president and CEO Beth Hammack explains one of Fed’s key functions, community development and consumer protection, in her video shorts series, “Ask Beth.”
Ask Beth: What is the Dual Mandate?
Cleveland Fed president and CEO Beth Hammack breaks down the Federal Reserve’s dual mandate in her video shorts series, “Ask Beth.”
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Related resources
President and CEO
Learn about the work of Beth M. Hammack, president and CEO of the Federal Reserve Bank of Cleveland.
About Us
The Federal Reserve Bank of Cleveland (commonly known as the Cleveland Fed) is part of the Federal Reserve System, the central bank of the United States.