Also known as the Fed, officially renamed Board of Governors of the Federal Reserve System by the Banking Act of 1935, the seven-member governing body of the Federal Reserve System that sets reserve requirements and the discount rate.
The governing body of the Federal Reserve System (12 regional federal banks monitoring the commercial and savings banks in their regions). The board establishes policies on such key matters as reserve requirements and other regulations, sets the discount rate, and tightens or loosens the availability of credit in the economy.
The governing board of the Federal Reserve System. The President of the U.S. appoints the seven members of the Board (subject to Senate confirmation), each of whom serves a 14-year term. The FRB is responsible for tightening and loosening the availability of credit in the U.S. economy, in part, by setting reserve requirements for banks and establishing target rates for the federal funds rate or rate that banks charge each other for overnight loans.
The federal agency with rule-writing authority for the Truth in Lending Act, of which the Consumer Leasing Act is part; officially known as the Board of Governors of the Federal Reserve System. The Board also performs other functions related to U.S. monetary policy, financial system stability, bank supervision and regulation, and the nation's payments system.
The Board of Governors of the Federal Reserve System, which is the federal agency that enforces MSRB rules applicable to the system's member banks that are municipal securities dealers. In addition, it is responsible for making national monetary policy. Compare: FEDERAL DEPOSIT INSURANCE CORPORATION; OFFICE OF THE COMPTROLLER OF THE CURRENCY. See: APPROPRIATE REGULATORY AGENCY.
Congress founded the Federal Reserve, the central bank of the United States, in 1913. It conducts the nation's monetary policy and regulates its banks in order to achieve a flexible and stable economy. The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate to serve 14-year terms. The chairman of the Board of Governors is Alan Greenspan. The chairman and the vice chairman of the board are named by the president from among the members and are confirmed by the Senate. They serve a term of four years.
A board of Directors comprised of seven members which directs the federal banking system, is appointed by the President of the United States and confirmed by the Senate. The functions of the board include formulating and executing monetary policy, overseeing the Federal Reserve Banks, and regulating and supervising member banks. Monetary policy is implemented through the purchase or sale of securities, and by raising or lowering the discount rate - the interest rate at which banks borrow from the Federal Reserve.
The central bank of the United States. Founded by Congress in 1913, the "Fed" is responsible for maintaining the stability of the U.S. economy. Its duties include balancing the supply of money and credit, regulating the banking system, and providing financial services to banks and the U.S. government.
In the U.S., a seven-member governing body that is responsible for managing the nation's economy by establishing and monitoring policies that regulate the flow of money and credit. Board members, who are appointed by the President and confirmed by the Senate, each serve a term of 14 years.
Under the direction of a chairman, a seven-member Federal Reserve Board oversees the Federal Reserve System and determines national monetary policy, with the goal of keeping the economy healthy and its currency stable.
Seven-member board that supervises the banking system by issuing regulations controlling bank holding companies and federal laws over the banking industry. It also controls and oversees the U.S. monetary system and credit supply.
The governing body of the Federal Reserve System. The Board is comprised of seven members appointed by the President and subject to confirmation by the Senate. In order to ensure members' independence from political influence, each member serves a 14-year term. The Board is responsible for setting monetary policy for the U.S. and has the authority to determine bank reserve requirements, set the discount rate, regulate the availability of credit, and control the purchase of securities on margin. See: Discount Rate; Federal Reserve System
An independent government agency primarily responsible for keeping inflation under control. The Fed's best weapon in the fight against inflation is control over certain short-term interest rates. The Fed is a key user of Federal/State program data.