noun
the seven-member board governing the Federal Reserve System
• Hypernyms: ↑board
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Federal Reserve Board noun
(in the USA) the board of governors in charge of the Federal Reserve System, which, comprising twelve Federal Reserve Banks, controls banking activities and supply of money and credit
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Main Entry: ↑federal
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Federal Reserve Board,
U.S. a group of seven men appointed by the President of the United States to supervise the Federal Reserve System. Abbr: FRB (no periods).
Useful english dictionary. 2012.