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 ?
This can be attributed to the fact that these libraries share a common central authority--a central administrative office, such as the Chancellor in Georgia, a central board of regents as in Ohio, or a coordinating agency as in Virginia.
For many, the issue revolves solely around the board of regents and Brady, its chair.
The UP Board of Regents also dissociated itself from the recent statements and actions of Farolan, a presidential appointee.
Brady retired last week amid a widespread outcry following the Board of Regents' recommendations for the University of Maryland, College Park, to keep DJ Durkin as its football coach following investigations into the death of football player Jordan McNair and allegations of a toxic culture within the program.
Also to be discussed are a proposed Board of Regents housing policy for freshman and the Gaylord Family-Oklahoma Memorial Stadium bowl improvements for improved Americans with Disabilities Act compliance, funded by private donors.
"I really viewed that year on the Board of Regents, while I was in law school, as an opportunity to really see administrative law at work and be able to serve in that capacity."
He was chosen by the University of Texas System Board of Regents on Tuesday, but the selection won't become official for at least three weeks.
In addition, Fisher was critical in spearheading and gaining approval for a Kansas Board of Regents system-wide reverse transfer agreement.
The wife of Bank of the Philippine Islands (BPI) president Aurelio Montinola III has been re-appointed by President Benigno Aquino III as a member of the University of the Philippines (UP) Board of Regents.
In 2005, GAO reported that the Smithsonian's current funding would not be sufficient to cover its estimated $2.3 billion in facilities projects through 2013 and recommended that the Smithsonian Board of Regents, its governing body, develop and implement a funding plan.
"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.
In 1996, after a great deal of confusion and controversy, Section 29.3(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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