board of governors

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Also found in: Acronyms.

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 ?
The Board of Visitors is made up of roughly 175 members who serve four-year terms.
However, Euzsoy said the contract has been canceled by Mansur Topcuoy-lu, the chairman of the board of visitors.
He currently serves as the rector of the University's Board of Visitors, and is a past member of the College and CEE Advisory Boards.
Dunbar is an adjunct professor at the college of law and serves on the Board of Visitors. He and his son, College of Law graduate Marc Dunbar have together contributed to create the Dunbar Family Endowment for Excellence at the law school.
Earlier this summer, the University of Virginia (UVA) treated the nation to a display of colossal boneheadedness as its governing body, the Board of Visitors, ignored state law, its own rules, university tradition and common sense to fire the school's popular president, thereby inspiring a revolt of students, faculty and alumni, national media attention and a gubernatorial threat to fire every single board member if they didn't clean up the mess they created.
In early June, Sullivan announced her resignation from UVA, citing differences with the board of visitors. Her decision shocked Virginia, sparking protests on campus that eventually led to (http://chronicle.com/article/U-of-Virginia-Board-Votes-to/132603/) Sullivan's reinstatement less than three weeks later .
Mr Justice Treacy said: "The matter in dispute remains exclusively within the jurisdiction of the Board of Visitors."
Voussoughi sits on the Board of Visitors of the University of Oregon School of Architecture and Allied Arts.
Toohey also serves as vice chairman of the board of directors for Atlantic Health and is a member of the board of advisors for Highroads Inc and a member of the board of visitors for Northeastern University's College of Business Administration.
The Board of Visitors last month voted unanimously to strip the building of John Powell's name.
Fetter was honored during the ceremony along with Irwin Smigel, DDS, known as the father of aesthetic dentistry, and Michael Sudzina, MBA, outgoing chair of the museum's board of visitors.
"The army's always had a special place in my heart," said Mr McHugh, who has also served as co-chair of the House of Representatives Army Caucus and member of the Board of Visitors of the US Military Academy at West Point, New York.

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