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Board of Governors

Q: Who oversees the federal reserve system?

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Board of Governors

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Board of Governors

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The 12 Federal Reserve banks are the regional banks from each of the 12 Federal Reserve districts. The Board of Governors of the Federal Reserve is the seven-person governing body of the Federal Reserve System. The Federal Open Market Committee decides on monetary policy, and consists of the seven members of the Board of Governors plus 5 of the 12 regional bank presidents.

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The board of governors of the Federal Reserve System determines:

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the U.S. President

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