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?

    Wonder how the U.S. Federal Bank began and how it works today? Learn how this complex system is structured and how it works ... Read Answer >>
  2. Who controls the Federal Reserve Bank?

    Read about the ownership and control of the Federal Reserve, the most powerful financial institution in the world and the ... Read Answer >>
  3. How is the Federal Reserve audited?

    Learn how the Federal Reserve gets audited. Due to gridlock, the Federal Reserve has been forced to take on the role of stimulating ... Read Answer >>
  4. Who determines the reserve ratio?

    Understand what the Federal Reserve is and what it regulates in the U.S. economy. Learn about the reserve ratio and how the ... Read Answer >>
  5. Why do some people claim the Federal Reserve is unconstitutional?

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