Board of Governors of the Federal Reserve System

federalreserve.gov

The Board of Governors of the Federal Reserve System is the main governing body of the Federal Reserve, overseeing monetary policy, banking regulation, payment systems, and economic research. Comprising seven members appointed by the President and confirmed by the Senate, it supervises Reserve Banks, approves budgets, and ensures compliance with banking laws. The Board plays a crucial role in banking supervision, examining institutions for safety and soundness, while also publishing extensive economic statistics. With approximately 1,850 employees, it maintains a significant influence on the U.S. financial system.