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Board of Governors
The branch of the federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents.
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
Board of Governors
The Purpose of the United States Federal Reserve Board is that of a governing body to oversee and make important decisions to do with the Federal Reserve Bank and the United States' currency and monetary issues.
Board of Governors
Board of Governors
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.
The board of governors of the Federal Reserve System determines:
the U.S. President
There are 7 members
no the board of governors
The Board of Governors in the Federal Reserve System control the discount rate.
The Federal Reserve is responsible for managing the money supply in the U.S.
Board of Governors
Washington, D.C.
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