#1
August 26th, 2015, 12:45 PM
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Board of Governors of The Federal Reserve Bank
I want the list of all Board of Governors and the directors of Federal Reserve Bank so can you please provide me? Who is the founder of this bank? Who is Chief Executive Officer CEO of Federal Reserve Bank? The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the President of the United States and confirmed by the Senate for staggered 14-year terms. Purposes & Functions The Federal Reserve System performs five functions to promote the effective operation of the U.S. economy and, more generally, to serve the public interest. It includes three key entities: the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee. 1. Overview of the Federal Reserve System The Federal Reserve performs 5 key functions in the public interest to promote the health of the U.S. economy and the stability of the U.S. financial system. 2. The Three Key System Entities The Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee work together to promote the health of the U.S. economy and the stability of the U.S. financial system. 3. Conducting Monetary Policy The Federal Open Market Committee sets U.S. monetary policy in accordance with its mandate from Congress: to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy. 4. Promoting Financial System Stability The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses. 5. Supervising and Regulating Financial Institutions and Activities The Federal Reserve promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole. 6. Fostering Payment and Settlement System Safety and Efficiency The Federal Reserve works to promote a safe, efficient, and accessible system for U.S. dollar transactions. 7. Promoting Consumer Protection and Community Development The Federal Reserve advances supervision, community reinvestment, and research to increase understanding of the impacts of financial services policies and practices on consumers and communities. Last edited by Neelurk; June 3rd, 2020 at 03:46 PM. |
#2
December 18th, 2019, 09:48 AM
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Re: Board of Governors of The Federal Reserve Bank
Can you tell me in detail about the Purposes & Functions of the Board of Governors of the Federal Reserve System?
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