I've seen many compelling conspiracy theorist claims that the Federal Reserve is privately owned. So I dug into 'by whom' and have now found rather credible appearing counter-arguments that its 'shares' are owned by the 2500 member banks, meaning the shares aren't owned by a handful of tycoons or robber barrons directly. Moreover its all explained away as any F.R. 'revenues' beyond the mere operation of the scheme are turned over the the US Treasury at the end of each year. But if 52% of the $10Trillion US National Debt is 'owned' by the F.R., how does any of this make sense? And however it works, what is the interest to the Fed's cut of the debt (not the other 'owners' of US debt)?