"Joe Parsons" wrote in message
...

Say *what*?

You may want to look into that a bit more carefully. Start with learning
about
the "Federal Reserve Act" of 1913.

Joe Parsons

Just did to double check, seems like a private bank to me.
http://www.nationmaster.com/encyclop...al-Reserve-Act
Here what they say:
"The Federal Reserve Act of 1913, also called the Glass-Owen Bill,
established the Federal Reserve System in the United States.
The Federal Reserve System is an independent central bank. Although the
President of the United States appoints the chairman of the Fed and this
appointment is approved by the United States Senate, the decisions of the
Fed do not have to be ratified by the President or anyone else in the
executive branch of the United States government.
According to the United States Constitution, the United States Congress has
the power and responsibility to coin money and set its value. In the 1913
Federal Reserve Act, Congress itself shirked this responsibility and gave
this power to a private corporation known as the Federal Reserve. "