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 ?
The new members of the Board of Governors for 2006 are: Gary Barnett, president, Extell Development Company; Charles Bendit, co-founder and principal, Taconic Investment Partners.
The Real Estate Board of New York's (REBNY) Board of Governors recently honored three long-time members for their many years of dedicated service.
The provisions of this order shall not bar, estop, or otherwise prevent the Board of Governors, or any other federal or state agency or department from taking any other action affecting each of the Respondents named above.
Luria served as a member of the Board of Governors from 1974 to 1985, has served as vice president and as counsel to the Real Estate Board of New York.
The Board of Governors approved on January 19, 2005, the following officer actions in the Division of Consumer and Community Affairs (DCCA) in conjunction with a reorganization of the division to enhance effectiveness:
Schorsch, Vice Chairman, President and Chief Executive Officer, has been elected to the 2006 National Association of Real Estate Investment Trusts Board of Governors.

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