Mar 31, 2008 · Federal Reserve Board: As the nation’s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its … How much money does Federal Reserve have? | Yahoo Answers Sep 20, 2008 · They are the most powerful and the most wealthy of ALL the national families. It is really not a matter of how much money THEY have but how much money they can CREATE if they decide to borrow from such Countries as China and Europe. PLUS, The Federal Reserve also has the power to PRINT US currency so they can MAKE as much money as they want.