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 Cedars-Sinai Board of Governors is a diverse community of donors and leaders who are committed to supporting the Medical Center by providing financial resources, educational experiences for its members, and volunteer opportunities.
The Board of Governors, REBNY's central governing body, is made up of representatives from each division.
Evans also was president for two years for the Colorado State Board of Land Commissioners and was appointed to the Colorado State University System Board of Governors in 2004.
The 20-member Board of Governors is responsible for planning and coordinating the development and operation of the PASSHE system.
Dan Gronich has served on REBNY's Board of Governors since 1985.
We are thrilled to have two such worthy honorees this year," says Cedars-Sinai Board of Governors Chair, John Coleman.
The Board of Governors approved on January 31, 2005, the following officer actions in the Division of Reserve Bank Operations and Payment Systems (RBOPS).
Francis, Chair of the Board of Governors, commented: "While we expected the treatment of fiduciary duty to be the focus of attention, that focus was overwhelming, and some proposed changes drew very few comments.
I am honored to be elected to serve on the NAREIT Board of Governors," says Nicholas S.
section]1818(e)), the Board of Governors of the Federal Reserve System ("the Board") is of the opinion, for the reasons set forth in the accompanying Final Decision, that a final Order of Prohibition should issue against KENNETH L.
5 /PRNewswire/ -- TCF Financial Corporation (NYSE: TCB) (TCF) today announced that the board of governors of the Federal Reserve System has named TCF's William A.
The Board of Governors wants to express its gratitude to Sarah for her contributions and wishes her well in her new position.

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