Federal Reserve
As the central bank of the U.S. government, the Federal Reserve (or Fed as it is sometimes called) establishes monetary policy. It also regulates and oversees member institutions and international banks. The Federal Reserve is comprised of 12e Federal Reserve Banks. The agency is administered by a seven-member board of Governors. Board members are appointed by the President of the United States and confirmed by the Senate to serve a 14-year term. The chairman and Vice Chairman are appointed by the President and confirmed by the Senate to serve four-year terms. On the Web at www.federalreserve.com. See Bernanke, Ben; Greenspan, Alan.
Browse by Subjects
M3 money supply
lender of last resort
industrial production
Federal Funds Rate
high powered money
See All Related Terms »

forwarding agent
Statement of Additional Information (SAI)
Thrift Administration Review Program
Gross National Debt
transaction exposure