Board of Governors of the Federal Reserve System


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Board of Governors of the Federal Reserve System

The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply.

Board of Governors of the Federal Reserve System

A committee of the Federal Reserve charged with implementing monetary policy of the United States. It consists of seven members appointed by the President of the United States and confirmed by the Senate. The chairman of the Board also serves as Chairman of the Federal Reserve. Members serve for staggered, 14-year terms. The length of service is designed to give the Board as much independence from Congress, and therefore immediate political expediency, as possible. The Board makes an annual report on its operation to the Speaker of the House of Representatives and its members serve ex officio on the Federal Open Market Committee.
References in periodicals archive ?
The Shared National Credit (SNC) Program was established in 1977 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
The proposal is being issued under the auspices of the Federal Financial Institutions Examination Council (FFIEC) by its member agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
In addition, the Board of Governors of the Federal Reserve System (Federal Reserve Board) has waived its approval of the acquisition of BostonFed by Banknorth.
The Board of Governors of the Federal Reserve System on June 1, 2004, announced that the Consumer Advisory Council would hold its next meeting on Thursday, June 24, 2004.
Scalise said the appointment was made by the directors of the Federal Reserve Bank of San Francisco, and approved by the Board of Governors of the Federal Reserve System in Washington, D.
section] 1818(e)), the Board of Governors of the Federal Reserve System ("the Board") is of the opinion, for the reasons set forth in the accompanying Final Decision, that a final Order of Prohibition should issue against STEPHANIE EDMOND ("Edmond"), a former employee and institution-affiliated party, as defined in Section 3(u) of the FDI Act (12 U.
former Vice Chairman of the Board of Governors of the Federal Reserve System and economic advisor to President Bill Clinton.

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