I have clearly stated how the Federal Reserve works in other posts in this thread.
The article's about the Federal Reserve System, not the banks.
Separating the board of the Federal Reserve from the Banks of the Federal reserve seems a little like sophistry don't you think? The Board of Governors only implement policy (at the will of congress) that the Federal Reserve Banks carry out. Other than congress being able to determine how the system operates via legislation, this is just like the board of directors of a corporation. As the federal reserve banks are owned by shareholders the Federal Reserve is in fact owned by shareholders regardless of the Board of Governors being appointed by the President.
We'll understand that the ownership does not represent fee simple possession "in which the owner has the right to control, use, and transfer the property at will." As you stated in post 14 "If you were to argue that they aren't a corporation I would be forced to concede your point. As a corporation is a legal term of art and they don't actually meet the criteria..."
In that same post "Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury." That seems to differ with (from here): Federal Reserve Banks are not, however, operated for a profit, and each year they return to the U.S. Treasury all earnings in excess of Federal Reserve operating and other expenses.