The board sets Fed policy regarding the discount rate and reserve requirements (among other key economic decisions).
Typically, the chairman of the board of governors is also the chairman of the Federal Reserve Open Market Committee (FOMC).
Investment dictionary. Academic. 2012.
Federal Reserve Board — (FRB), also known as Board of Governors and Federal Reserve Board of Governors USA A federal government agency that: • Supervises and regulates the Federal Reserve Banks … Law dictionary
Federal Reserve Board of Governors — Federal Reserve Board (FRB), also known as Board of Governors and Federal Reserve Board of Governors USA A federal government agency that: • Supervises and regulates the Federal Reserve Banks … Law dictionary
Federal Reserve Board — 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… … Financial and business terms
Federal Reserve Board — noun the seven member board governing the Federal Reserve System • Hypernyms: ↑board * * * Federal Reserve Board noun (in the USA) the board of governors in charge of the Federal Reserve System, which, comprising twelve Federal Reserve Banks,… … Useful english dictionary
Federal Reserve Board — /ˌfed(ə)rəl rɪ zɜ:v bɔ:d/ noun a government organisation which runs the central banks in the US. Abbreviation FRB ▪▪▪ ‘…pressure on the Federal Reserve Board to ease monetary policy mounted yesterday with the release of a set of pessimistic… … Dictionary of banking and finance
Federal Reserve Board — (FRB) First established under the Federal Reserve Act of 1913, the Federal Reserve was a system of 12 regional Federal Reserve Banks that could hold cash reserves for national banks, state banks, and trust companies that entered the system.… … Historical Dictionary of the Roosevelt–Truman Era
Federal Reserve System — n. A network of twelve central banks established by the Federal Reserve Act in 1913 to oversee a national system of banking, including monitoring the money supply by holding cash reserves and issuing currency for circulation, overseeing the… … Law dictionary
Federal Reserve — System (Federal Reserve, the Fed) USA The central bank of the US. The Fed was established under the Federal Reserve Act of 1913 and consists of: • 12 regional Federal Reserve Banks of which the … Law dictionary
the Federal Reserve Board — UK US noun (ABBREVIATION the FRB, also the Federal Reserve, the Federal Reserve Board of Governors, INFORMAL the Fed) BANKING, FINANCE, GOVERNMENT ► the group of seven people who are chosen by the President of the United States to control the… … Financial and business terms
Federal Reserve Board — (FRB) “FED.” Semi autonomous group responsible for monetary policy in the United States. The Open Market Committee of the Fed meets monthly, in secrecy, to review the performance of the economy and consider changes in discount rates, reserve… … American business jargon
