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Federal Reserve Board

Federal Reserve Board Definition

Federal Reserve Board - FRB is the Board of Governors leading the Federal Reserve System,  the central banking system of the United States. It conducts the monetary policy, supervises and governs banking institutions with the aim of preserving the stability of the financial system.


Additional meaning of Federal Reserve Board:

The Board consists of  seven members elected by the President and confirmed by Congress for staggered 14-year terms. It presents an annual report of operations to the Speaker of the House of Representatives.





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