"The Banks are empowered to sue and be sued in their own name…. They carry their own liability insurance and typically process and handle their own claims. In the past, the Banks have defended against tort claims directly, through private counsel, not government attorneys…."

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Added by wikiquote-import-bot
Added on April 10, 2026
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Original Language: English

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Imported from EN Wikiquote

https://en.wikiquote.org/wiki/Federal_Reserve_System