Well, it's owned by the Treasury, but they will lend money again, if they have to.......
that’s a major reason why they set up the Fed in the first place
A lender of last resort is very useful, and Buffett is too much of an assclown to take the place of old J.P. Morgan from 1907.
Actually, the only ownership stock shares of the regional FR Banks are issued to, and held by their member (private) banks, pursuant to federal statute setting up the FR system.
The law provides that the member (private) banks must be paid a 6% (guaranteed, you may say) dividend on their stock shares in the FR banks. (And the member banks may not freely sell their stock in the FR banks.)
These regional FR banks then elect 6 of the 9 directors of the central FR Bank.
Profits beyond the above-noted dividends are then turned over to the Treasury. (The Treasury makes more from the Fed than the combined owner-member banks.)
And, most policy decisions of the central FR Bank are understood to be pretty well controlled by Congress.
And so on and so forth.
But yes, there are FR system stock shares out there... and they are all held by member (private) banks.
That’s as close as I can get with this, its always been a hotly contested organization,
Best,
fhc