board of governors

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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.

board of governors

1. An elected body composed of members of a stock exchange that oversees the affairs of the exchange.
2. A group of people appointed by the President of the United States to the Federal Reserve to oversee the nation's money system. Decisions by the board have great impact on the securities markets. See also Federal Open Market Committee.
References in periodicals archive ?
Zoretic, executive vice president and chief operating officer for Amerigroup, currently serves on the board of visitors for Eastern Virginia Medical School (EVMS).
James Cassidy, chairman of the Board of Visitors, said the healthcare centre was causing considerable concern because it is full and short-staffed.
City Attorney James Hahn, also a member of the board of visitors, listened to the tally on the impeachment vote as he drove to the meeting and delayed his exit until the final vote was announced.
Members of the Board of Visitors have expertise and/or interest in health care issues and embrace the mission of the School of Medicine, as well as Quinnipiac.
In addition, the private alumni board already has promised to begin a fund-raising campaign to make the school private if the board of visitors endorses the effort.
Zoretic will serve as EVMS Health Services chair for a one-year term and on the board of visitors for three years.
A spokesman for VMI, Mike Strickler, said its Board of Visitors was scheduled to discuss the Supreme Court decision at its next meeting July 12, when the board would consider options that include privatizing or admitting women and keeping the $10.
He served on the Executive Committee of the West Point Board of Visitors and as a member of the Army Chief of Staff's Special Commission on the West Point Honor Code.
7 /PRNewswire/ -- We, as individuals, in addition to being members of the Board of Visitors for the University of Illinois College of Law, support the efforts by the Illinois Admission Review Commission to ensure Illinois' flagship university has a sound admissions process.
operations at Cushman & Wakefield, to its board of visitors.
The comments came following a damning annual report from the prison's Board of Visitors, which revealed prisoners had to eat meals in cells which had an open lavatory because of overcrowding, and could not take showers or exercise because of staff shortages.

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