Federal Reserve Board

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 raising or lowering the discount rate-the interest rate at which banks borrow from the Federal Reserve. 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 CENTER ONLINE Futures Glossary
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( FRB)
The seven-member governing body of the Federal Reserve System, which is responsible for setting reserve requirements, and the discount rate, and making other key economic decisions. Bloomberg Financial Dictionary

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Federal Reserve Board ˌFederal ˈReserve ˌBoard abbreviation FRB noun ORGANIZATIONS BANKING
the management board of the Federal Reserve System, whose seven members are chosen by the US president. It decides the Policies of the Federal Reserve System:

• With the Federal Reserve Board's latest discount rate cut, mortgage rates have been driven to their lowest level in nearly 20 years.

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   This board runs the Federal Reserve System, which controls US monetary policy and oversees the banking industry. Its seven governors are appointed for 14-year terms by the US president (with Senate approval), but each chairman's term is only four years, thereby allowing each president the possibility of influencing the choice of chairman. The FOMC, a sub-committee of the board, sets US interest rates.
   ► See also Federal Reserve System, FOMC.

Financial and business terms. 2012.

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Look at other dictionaries:

  • 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 — Dieser Artikel behandelt das Federal Reserve System (Fed). Für Bedeutungen der Abkürzung FED siehe FED. In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Siehe Diskussionsseite Du kannst Wikipedia helfen, indem du sie… …   Deutsch Wikipedia

  • 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 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 of Governors — Dieser Artikel behandelt das Federal Reserve System (Fed). Für Bedeutungen der Abkürzung FED siehe FED. In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Siehe Diskussionsseite Du kannst Wikipedia helfen, indem du sie… …   Deutsch Wikipedia

  • 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 Board — noun Date: 1920 a 7 member board of governors overseeing the Federal Reserve System …   New Collegiate Dictionary

  • Federal Reserve Board. — See under Federal Reserve System. * * * …   Universalium

  • Federal Reserve Board. — See under Federal Reserve System …   Useful english dictionary

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