Which of the following statements best describes the 12 Federal Reserve Banks?​

Which of the following statements best describes the 12 Federal Reserve Banks?​

​They are privately owned and publicly controlled central banks whose basic goal is to earn profits for their owners.

​They are privately owned and privately controlled central banks whose basic goal is to provide an ample and orderly market for U.S. Treasury securities.

​They are privately owned and publicly controlled central banks whose basic function is to minimize the risks in commercial banking in order to make it a reasonably profitable industry.

​They are privately owned and publicly controlled central banks whose basic goal is to control the money supply and interest rates in promoting the general economic welfare