A pine cone covered in ice after an ice storm. Male cones of a pine A classic example of a Lebanese Cedar cone. Immature female pine cone Pollen cone of a Japanese Larch Pineapple gall on Sitka Spruce caused by Adelges abietis. Dozens of male cones (orange and flower-like) occur in a cluster; the female cone is still immature (olive green). Lodgepole Pine.
The Federal Reserve System fulfills its public mission as an independent entity within government. It is not owned by anyone and is not a private, profit-making institution.
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.he U.S. Government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury.