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.
For an explanation of the Federal Reserve System, its purposes and functions, the place to start is the Board of Governors site.
ALTA's Board of Governors is responsible for creating association policy, overseeing the financial health of the association, overseeing the work of 33 committees, and ensuring the overall welfare of the association.
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.
The community college board meets five times a year to take action on education policy issues before the state board of governors and the Legislature.
DENVER -- The Board of Governors of Certified Financial Planner Board of Standards, Inc.
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:
The Performing Arts Center Board of Governors is scheduled Wednesday to discuss a proposal by Theatres Director Tom Mitze to tack the surcharge onto single tickets sold at the arts center's box office so the operation will pay for itself.
the Board of Governors (Board) of Certified Financial Planner Board of Standards, Inc.
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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