The bank collects interest on the government's own money. This summary of a highly complex system is oversimplified but accurate. The power transfer created by the Federal Reserve System was further extended with the Monetary Control Act of 1980 which gave the Federal Reserve System control over all depository institutions, whether or not the banks were members of the system. This act also, among other things, gave the Federal Reserve the power to use the debt of foreign nations as collateral for the printing of Federal Reserve notes. One of their ultimate luxuries is privacy.
Great wealth can bring great privacy.
Finance has always manipulated business, and it generally strangles all enterprise that attempts to compete with it. The private international bankers achieve their desires through legislation. The Federal Reserve Act gives a power to the Federal Reserve Banks that makes the government impotent to protect the interests of the people. Some people think that the Federal Reserve Banks are United States Government institutions. They are not government institutions.