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 ?
Executive committees of the Board of Regents and the ABIM are scheduled to meet in June to discuss the secure exam and other issues, Dr.
Oversight is provided by the Louisiana Library Network Commission, which also makes budget requests and other recommendations to the Board of Regents.
Jarold has done an outstanding job on the Board of Regents for Oklahoma A&M Colleges, said Fallin.
The board of regents said that after the new program was installed in the fall, 51 percent of students across the state passed math, and the pass rates for students in writing nearly doubled.
In very clear and in no uncertain terms, the university would like to make it known that the Board of Regents has not made any such issuance.
The Board of Regents has instructed Chancellor McRaven on the proper method of disclosure of [the] documents, and this dispute has now been resolved," the filing says.
Gonzalez - Montinola was reappointed by President Aquino as a member of the UP Board of Regents effective February 18, 2014, Deputy presidential spokesperson Abigail Valte said.
Since May 2008 the Smithsonian has implemented 9 reforms recommended by the Board of Regents Governance Committee--in addition to the 30 it had implemented prior to May 2008--and 1 of 4 GAO recommendations, but work remains on 3 reforms and 3 recommendations.
It was important for students and families to be able to p[an," Velma Montoya, an economist who served on the UC board of regents, told the media.
A second-year law student, who graduated from the University of California, Los Angeles, and was raised in the San Fernando Valley, was confirmed Wednesday as a nonvoting member of the UC Board of Regents.
3(b) of the Rules of the Board of Regents was specifically amended to address and clarify the conditions under which a licensed architect or engineer may delegate the performance of design services to another licensed architect or engineer through an unlicensed third-party, such as a contractor or subcontractor.

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