Federal Reserve Board
(FRB)
   First established under the Federal Reserve Act of 1913, the Federal Reserve was a system of 12 regional Federal Reserve Banks that could hold cash reserves for national banks, state banks, and trust companies that entered the system. However, the FRB had limited powers and exercised little monetary control. The Banking Act of 1935 provided more centralized control through the board of governors of the Federal Reserve, particularly with regard to interest rates and credit management and the ability to buy or sell government securities.
   See also Banking.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

Look at other dictionaries:

  • Federal Reserve Board — (FRB), also known as Board of Governors and Federal Reserve Board of Governors USA A federal government agency that: • Supervises and regulates the Federal Reserve Banks …   Law dictionary

  • Federal Reserve Board — Dieser Artikel behandelt das Federal Reserve System (Fed). Für Bedeutungen der Abkürzung FED siehe FED. In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Siehe Diskussionsseite Du kannst Wikipedia helfen, indem du sie… …   Deutsch Wikipedia

  • Federal Reserve Board — The functions of the board include formulating and executing monetary policy, overseeing the Federal Reserve Banks, and regulating and supervising member banks. Monetary policy is implemented through the purchase or sale of securities, and by… …   Financial and business terms

  • Federal Reserve Board — noun the seven member board governing the Federal Reserve System • Hypernyms: ↑board * * * Federal Reserve Board noun (in the USA) the board of governors in charge of the Federal Reserve System, which, comprising twelve Federal Reserve Banks,… …   Useful english dictionary

  • Federal Reserve Board — /ˌfed(ə)rəl rɪ zɜ:v bɔ:d/ noun a government organisation which runs the central banks in the US. Abbreviation FRB ▪▪▪ ‘…pressure on the Federal Reserve Board to ease monetary policy mounted yesterday with the release of a set of pessimistic… …   Dictionary of banking and finance

  • Federal Reserve Board — noun Date: 1920 a 7 member board of governors overseeing the Federal Reserve System …   New Collegiate Dictionary

  • Federal Reserve Board. — See under Federal Reserve System. * * * …   Universalium

  • Federal Reserve Board. — See under Federal Reserve System …   Useful english dictionary

  • Federal Reserve Board — (FRB)  “FED.” Semi autonomous group responsible for monetary policy in the United States. The Open Market Committee of the Fed meets monthly, in secrecy, to review the performance of the economy and consider changes in discount rates, reserve… …   American business jargon

  • Federal Reserve Board of Governors — Federal Reserve Board (FRB), also known as Board of Governors and Federal Reserve Board of Governors USA A federal government agency that: • Supervises and regulates the Federal Reserve Banks …   Law dictionary

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