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 ?
By order of the Board of Governors, this 21st day of November 2003.
It meets once a year, typically in September, to approve the actions and budgets passed on from the Board of Governors. The General Conference also approves the nominee for the post of director general.
Board of governors' counsel Khawaja Haris said that the admissions were made on merit.
Commenting on these meetings, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, stressed on the Ministry's continuous commitment to provide all the necessary requirements to host a successful meeting of the Board of Governors of the Joint Arab Financial Institutions, which in turn promotes the UAE's leading position regionally and internationally in addition to promoting its role in facing economic and development obstacles in the Arab world.
At the last Board of Governors meeting in Vilnius, Lithuania on May 12-13, 2011 we signaled our increasing interest in ASEF activities by announcing a 20 percent increase in India's contribution," said Krishna.
Adelman's contributions to WVSOM and wholeheartedly concurred with the Board of Governors selection.
The main event of any Annual Meeting of the IDB Group is the meeting of the Board of Governors of the IDB that is normally held once a year.
Recommendation: To assist decisionmakers and improve OCB's strategy, the Broadcasting Board of Governors should conduct an analysis of the relative success and return on investment of broadcasting to Cuba, showing the cost, nature of the audience, and challenges--such as jamming and competition--related to each of OCB's transmission methods.
* Royal Jordanian Airlines (RJ) President/CEO Samer Majali was elected incoming Chairman of IATA's Board of Governors during the 63rd Annual General Meeting of the International Air Transport Association (IATA), held June 3-5, 2007 in Vancouver, Canada.
The Young Men's/Women's Real Estate Association YM/ WREA) announced its new Board of Governors for 2007 at a members-only luncheon held in Midtown on December 12.
Under Foundation Trust legislation the board of governors appoints the chairman of the trust and the non-executive directors.
The CDP Board of Governors selects seven to 10 participants.

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