Federal Reserve System

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Federal Reserve System

The monetary authority of the US, established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the US as well as to supervise Federal Reserve member banks, bank holding companies, international operations of US banks, and US operations of foreign banks.

Federal Reserve System

The central bank system of the United States. The Federal Reserve regulates the monetary policy of the United States, especially by setting the discount rate and the fed funds rate and by buying and selling U.S. Treasury securities. It consists of 12 regional banks that operate under the guidance of a Federal Reserve Board, whose seven members are appointed by the President of the United States. The Federal Reserve System has the authority to print money, a controversial measure both now and at the time it was founded. All federally-chartered banks must belong to the Federal Reserve System and purchase a certain amount of stock in the Federal Reserve bank in charge of their particular regions. The Federal Reserve System was established in 1913.

Federal Reserve System

The independent central bank that influences the supply of money and credit in the United States through its control of bank reserves. Federal Reserve actions have great impact on security prices. For example, restriction of bank reserves and lending ability in an attempt to restrain inflation tends to drive up interest rates and drive down security prices over the short run. Also called Fed. See also Federal Open Market Committee.

Federal Reserve System.

The Federal Reserve System, sometimes known as the Fed, is the central bank of the United States.

The Federal Reserve System, which was established in 1913 to stabilize the country's financial system, includes 12 regional Federal Reserve banks, 25 Federal Reserve branch banks, all national banks, and some state banks. Member banks must meet the Fed's financial standards.

Under the direction of a chairman, a seven-member Federal Reserve Board oversees the system and determines national monetary policy. Its goal is to keep the economy healthy and its currency stable.

The Fed's Open Market Committee (FOMC) sets the discount rate and establishes credit policies. The Federal Reserve Bank of New York puts those policies into action by buying and selling government securities.

Federal Reserve System

Often called “the Fed,”it is the central bank of the United States,created in 1913.It regulates credit through the interest rates it charges for short-term loans to financial institutions,supervises and regulates banking institutions,and provides advisory services to the government.Funding comes from interest on investments,fees for services to depository institutions,and interest on loans.The public usually comes into contact with the Fed in two ways:When the Federal Reserve chairman announces interest rate changes for loans to member financial institutions,almost all financial institutions change their interest rates within days afterward.In this way,the Fed controls the cost of credit to consumers.Additionally,it provides a central clearinghouse for checks drawn on different banks across the nation, making it possible for your bank in your home town to give you credit for a check drawn on another bank on the other side of the country.

References in periodicals archive ?
Much of what Federal Reserve Governor Elizabeth Duke learned during her career as a community banker has helped her in her role as a member of the Federal Reserve Board of Governors, she told students in a February 2 speech at the University of North Carolina.
Pianalto was an economist at the Federal Reserve Board of Governors and served on the staff of the Budget Committee of the U.
Logan Lewis, Federal Reserve Board of Governors, ""Exports versus Multinational Production under Nominal Uncertainty""
The Federal Reserve Board of Governors, along with other federal financial regulators, released new guidelines on prudent real estate appraisal and evaluation practices on December 2.
The award is named in honor of the late George Mitchell, former vice-chairman of the Federal Reserve Board of Governors.
The Federal Reserve Board of Governors approved a final rule on June 15 that shields credit card users from unreasonable penalty fees.
Officials from the Federal Reserve Bank of San Francisco (FRBSF), the Federal Reserve Board of Governors, the Federal Reserve's Seattle Branch, along with the Mayor of Renton and the Chief Executive Officer of Boeing Commercial Airplanes participated in a ceremonial unveiling of an architectural detail - a bronze eagle - which was once part of the original facade on the Federal Reserve Bank of San Francisco's former Portland Branch, but now graces the lobby of the new Seattle facility.
Roger Ferguson, President and CEO of TIAA-CREF and former Vice-Chairman of the Federal Reserve Board of Governors.
Following the release of adjusted Home Mortgage Disclosure Act (HMDA) data, the Federal Reserve Board of Governors, in the Federal Reserve Bulletin, released an analysis of the 2008 HMDA data.
9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firms referral hiring practices.
The Federal Reserve Board of Governors announced in April that it will hold a series of public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

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