answersLogoWhite

0


Best Answer

Major Duties:

  1. Conducting the nation's monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
  2. Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system, and protect the credit rights of consumers.
  3. Maintaining stability of the financial system and containing systemic risk that may arise in financial markets.
  4. Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.
User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

regulating and supervising a sound banking system

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

Raise or lower the reserve requirement

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What action is a responsibility of the Board of Governors of the Federal Reserve System?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who oversees the federal reserve system?

Board of Governors


What entities in the Federal Reserve System control the discount rate?

The Board of Governors in the Federal Reserve System control the discount rate.


What is an example of a nonbank?

The board of governors of the Federal Reserve System determines:


The printing of currency in the US responsibility of?

Federal Reserve System


The Federal Reserve System is monitored by a Board of Governors located in what city?

Washington, D.C.


What is the committee that administers the FRS?

The Federal Reserve System is administered by a Board of Governors. They are selected by the directors of the twelve Federal Reserve Banks, and the Federal Open Market Committee.


What is the relationship between the board of governors of the federal reserve system and the 12 federal reserve banks?

federal reserve us when government failed to prevent the collapse of the bantina system doesn't seem to be a "bantina" system. Could we be talking "Banking" system? How do your typos happen?


What three parts make up the Federal Reserve?

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.


Name the four organizational components of the federal reserve system?

Chairman, Board of Governors, District Reserve Banks, and Member Banks.


What government agency conducts monetary policy in the United States?

The Federal Reserve is responsible for managing the money supply in the U.S.


Whic of these is not a responsibility of the Federal Reserve System?

manufacturing and distributing commemorative coins


What are the main responsibility of the federal reserve system?

manufacturing and distributing commemorative coins