please answer correctly with explanation

13. What are the three major characteristics of the twelve Federal Reserve Banks? They act together as the central bank of the United States. They are q -P in that they are owned by private commercial bank members, but are controlled by the government since the system was established by an act of Congress. Finally, they are b s' banks because they perform essentially the same functions for depository institutions that those institutions perform for their customers. That is, the Federal Reserve Banks make loans to financial institutions, keep their reserve deposits, and provide them with paper money. Just as banks and thrifts accept deposits of and make loans to the public, so the Federal Reserve Banks accept deposits and make loans to banks and thrifts