1. Applications for membership by State banks --
Any bank incorporated by special law of any State, operating under the Code of Law for the District of Columbia, or organized under the general laws of any State or of the United States, including Morris Plan banks and other incorporated banking institutions engaged in similar business, desiring to become a member of the Federal Reserve System, may make application to the Board of Governors of the Federal Reserve System, under such rules and regulations as it may prescribe, for the right to subscribe to the stock of the Federal reserve bank organized within the district in which the applying bank is located.
I'm not sure how your quote is relevant to the statement that the Federal Reserve is part of the US government. The Federal Reserve is "independent within the government" [1] not separate from the government. There's a whole page on the Federal Reserve website's FAQ section dedicated to explaining this. Your quote seems to be about how commercial or State banks apply to become a part of the Federal reserve system.
Any natural born citizen can become a member of Congress (provided they are over 30 iirc). Does it follow then that Congress is not a part of the government because any persom can become a part of it.
A formerly private citizen now sits in the white house. Does it follow that the executive branch is not part of the government?
I cannot comprehend why the fact that non-government entities can joint a government entity makes you think the latter ceases to be part of the government.
> Any natural born citizen can become a member of Congress (provided they are over 30 iirc)
Tangentially, both the age and natural born citizen requirements are wrong; the minimum for a member of Congress are the requirements for the House, where you must be a citizen for at least 7 years, 25 years old, and an inhabitant of the State you represent.
For the Senate, the age requirement is 30 and the citizenship requirement is 9 years.
Let's get down to brass tacks. There are 0 realities in which the fed could go off and say, buy a yacht for every board member or invest in Russian spy operations - whatever the law says, they are considered by the US and operate as effectively a branch of the US government.
If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it
> If you have any recorded evidence to support the argument the Fed is not in practice operated as branch of the US Government I'd be very interested ion reading it
Pedantically, it's an independent executive agency [0], not a branch (that term refers to the Executive, Legislature, and Judiciary); like other such agencies it has a governing board appointed by the President and confirmed by the Senate.
It's still a part is the government, just one with extra layers of separation from the executive. Like the FBI.
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