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“The Reserve Banks are not federal instrumentalities for purposes of
the FTCA [the Federal Tort Claims Act], but are independent, privately
owned and locally controlled corporations.”

https://en.wikipedia.org/wiki/Federal_Reserve

Why won't the government nationalize these Reserve Banks and make them public organizations for the purpose of being independent and seeking to benefit the public and therefore avoid any conflict of interest there may exist between government policy and implementation of these government policies through the Federal Reserve system?