Yes the media makes them seem like part of the Gov, but they are not.
Most of the Fed profits are handed over to the US Treasury, so it knows who the boss is, but Congress is treated with contempt by the Fed.
Looks correct...
The Fed in a statement released Friday said it made an estimated $79.5 billion in net interest income, a total largely driven by the $90.4 billion in interest income it made on its portfolio of Treasurys...
of the interest which it charged the UST. I think I know who is the sucker at this poker table.