Federal Reserve Board

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Related to Federal Reserve Board: Federal Reserve Bank, FDIC

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.

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.

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.
References in periodicals archive ?
11 The Federal Reserve Board announced revisions to the Policy Statement on Payments System Risk.
Responses varied greatly among investors when asked to identify the most important thing Alan Greenspan has done as the Chairman of the Federal Reserve Board.
The Federal Reserve Board announced on September 20, 2005, the issuance of a final decision and order of prohibition against Brian Bonetti, a former employee of National City Bank, Cleveland, Ohio.
Gramlich, 65, was first appointed to the Federal Reserve Board by President Clinton to a term that expires on January 31, 2008.
Barnett and First Florida have provided the Attorney General of the state of Florida the same materials furnished to the Federal Reserve Board and the U.
In commenting on the delay, Ernest Rady, chairman of the board and chief executive officer of Westcorp explained: "We filed our draft application to become a bank holding company with the Federal Reserve Board in May 2004.
The Federal Reserve Board announced on April 19, 2005, amendments to appendix A of Regulation CC (Availability of Funds and Collection of Checks) that reflect the restructuring of the Federal Reserve's check-processing operations in the Tenth and Twelfth Districts.
Few were surprised in February when Alan Greenspan won renomination as chairman of the Federal Reserve Board, given the success of his nine-year war on inflation.
14 /PRNewswire/ -- In a controversial 3-2 decision, the Federal Reserve Board has adopted regulations to implement the new banking deposit disclosure rules mandated by the Truth-in-Savings Act of 1991.
Federal Reserve Board, NAR will make benchmark revisions to both annual existing-home sales and condo/co-op totals, and monthly seasonally adjusted annual sales rates.
The Federal Reserve Board, along with the other sponsoring organizations of the International Journal of Central Banking (IJCB), announced on May 19, 2005, the publication of the journal's first issue and the launch of a web site (www.
From 1988 to 1994, operating expenses for the Federal Reserve Board and the 12 Federal Reserve Banks around the country increased 50 percent, to $2 billion, twice the rate of inflation and nearly three times the rate of growth in overall federal discretionary spending.

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