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.