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Federal Reserve Board

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Federal Reserve Board (FRB)
The seven-member governing body of the Federal Reserve System, which is responsible for setting reserve requirements, and the discount rate, and making other key economic decisions.
Federal Reserve Board
The seven governing members of the Federal Reserve System who are appointed by the President for 14-year terms. Board members play an important role in determining the country's monetary policy which, in turn, strongly influences economic activity.
Federal Reserve Board
The Board of Governors of the Federal Reserve System. 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, fourteen-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.


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Federal Reserve Board Chairman Ben Bernanke told Congress in October that the financial crisis has demonstrated the need for "systemically important" insurance companies to be subjected to federal controls.
Bernanke gets a grip by Risk & Insurance
Federal Reserve Board Chairman Ben Bernanke predicted this spring that the nation's 17-month recession could end "probably this year.
Minorities hit harder by recession by Wang, Marian / The Chicago Reporter
On February 6, 2009, the Federal Reserve Board released additional terms and conditions, including preliminary loan rates and collateral haircuts, relating to its previously announced Term Asset-Backed Securities Loan Facility ("TALF").
Term Asset-Backed Securities Loan Facility Update by Mondaq Business Briefing
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