Federal Reserve Board - FRB

What is the 'Federal Reserve Board - FRB'

The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System. The seven members of the board of governors are appointed by the president, subject to confirmation by the Senate.

BREAKING DOWN 'Federal Reserve Board - FRB'

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).

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RELATED FAQS
  1. What is the structure of the U.S. Federal Reserve Bank?

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  3. How is the Federal Reserve audited?

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  4. Why do some people claim the Federal Reserve is unconstitutional?

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  5. Who determines the reserve ratio?

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