YES, Only under the Tort claims act which has to do with negligence done to third parties, In other words if a board member runs over a kid with his car the US Governement can not be sued.2. United States
Federal reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act,
The law is like that, your residence/jurisdiction under voting laws is entirely different than your residence/jurisdiction under taxation laws.
BUT HEY, Can you tell ME WHAT OTHER TOTALLY PRIVATE ORGANIZATIONS HAVE THIS REQUIREMENT
The Board is of Governors of the Federal Reserve is a 7-member panel who is appointed by the President of the United States and confirmed by the Senate (12 USCA §241).
Thus, all the key monetary policy decisions -- the ones that affect interest rates -- are made by a government agency whose members are selected by the President of the United States. The Fed may be privately owned, but it is controlled by the government.