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Trading and Investment Terminology

Federal Reserve Board

The Board of Governors of the Federal Reserve System, also known as the Federal Reserve Board (FRB), is the governing body of the Federal Reserve System.

  • The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, America's central bank.
  • The FRB is an independent non-governmental agency in charge of conducting monetary policy through open market operations or setting interest rates.

The board of governors includes several subcommittees with their chairs and vice-chairs. 

These are the committees on board affairs 

Consumer and Community affairs 

Economic 

Financial Monitoring and Research

Financial Stability 

Federal Reserve Bank affairs 

Supervision and Regulation Payments

Clearing, and settlement and the subcommittee on smaller regional and community banking. 

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