Federal Reserve Board

Federal Reserve Board
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.
• Is responsible for the US's payment system.
• Administers most of the US laws regarding consumer credit protection.
• Supervises banking institutions and banking activities including State chartered banks that have elected to join the Federal Reserve System, bank holding companies (bank holding company), foreign activities of member banks and US activities of foreign banks.
The FRB is composed of seven members who are appointed by the President and confirmed by the US Senate.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • 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 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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