Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

May the Board of Governors and the Federal Reserve Banks give to charitable organizations?

April 26, 2017Banks charitable federal reserve Governors Organizations

0

Posted

May the Board of Governors and the Federal Reserve Banks give to charitable organizations?

2 Answers

0

Posted

The Federal Reserve was not established to give or lend money to individuals, private businesses, or charitable organizations. Charitable contributions by the Board or the Reserve Banks, no matter how worthy the cause, would be considered inappropriate.

0

Posted

The Federal Reserve was not established to give or lend money to individuals, private businesses, or charitable organizations. Charitable contributions by the Board or the Reserve Banks, no matter how worthy the cause, would be considered improper.