Board of Governors of the Federal Reserve System

The Board of Governors of the Federal Reserve System is the main governing body of the Federal Reserve System. It is charged with overseeing the 12 District Reserve Banks and with helping implement national monetary policy. Governors are appointed by the President of the United States and confirmed by the Senate for staggered, 14-year terms. Prior to the enactment of the Banking Act of 1935, the Board of Governors of the Federal Reserve System was known as the Federal Reserve Board.

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