The government will monitor these bank's activities as they oversee them. If there are any irregularities, they must be reported to the government and may even have to close their doors. Private businesses may use the Federal Reserve to make loans to the private sector banks. The public sector businesses are also private and run by the government. They include such things as the Federal Trade Commission, the Consumer Financial Protection Bureau, and the IRS. All of these public companies are accountable for regulating the private sector businesses see details. They also collect taxes from the private sector companies and distribute it to the government for the purposes stated above.