this excerpt describes executive council, which consists of a board of governors appointed by the president.
this excerpt describes executive council, which consists of a board of governors appointed by the president.
it consists of a board of governors appointed by the president what does this excerpt describe?
executive council
the seven-member board of governors 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. by law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country", and as stipulated in the banking act of 1935, the chairman and vice chairman of the board are two of seven members of the board of governors who are appointed by the president from among the sitting governors. as an independent federal government agency, the board of governors does not receive funding from congress, and the terms of the seven members of the board span multiple presidential and congressional terms. once a member of the board of governors is appointed by the president, he or she functions mostly independently. the board is required to make an annual report of operations to the speaker of the u.s. house of representatives. it also supervises and regulates the operations of the federal reserve banks, and the u.s. banking system in general.
structure of the federal reserve system
bullet::::- a. k. brohi (philosophy)









































bullet::::- hafeez jalandhri (urdu language)









































bullet::::- syed abdullah (urdu language)









































bullet::::- ahsan danish (urdu language)









































bullet::::- ahmed nadeem qasmi (urdu language)









































bullet::::- shareef kunjahi (punjabi language)









































bullet::::- nabi bakhsh khan baloch (sindhi language)









































bullet::::- syed rasool rasa (pashto language









































bullet::::- sardar khan gashkori (balochi language









































bullet::::- professor ahmed ali (writer) (english language)









































section::::board of governors appointed in 1978.









































section::::board of governors appointed in 1978.:first board of governors.









































bullet::::- ishtiaq hussain qureshi (first chairman)









































bullet::::- ashfaq ahmad









































bullet::::- abul khair kashfi









































bullet::::- pareshan khattak









































bullet::::- syed mujtaba hussain









































bullet::::- two representatives from the ministry of education
pakistan academy of letters