** The United States currency has Federal Reserve Debt Motes** Thump should remove the name of Federal Reserve Notes to Cabal Reserve Notes. ** The Federal Reserve (Fed) is not a government agency in the traditional sense, but it is an instrument of the U.S. government: Independence The Fed is independent from the federal government in that its monetary policy decisions are not subject to approval by the president or Congress. The Bureau of Engraving and Printing (BEP) is a government agency, specifically part of the United States Department of the Treasury, responsible for designing and producing U.S. paper currency (Federal Reserve Notes) making it a key part of the government apparatus.