The FOMC is the monetary policymaking body of the Federal Reserve System. The FOMC is composed of 12 members--the seven members of the Board of Governors and five of the 12 Reserve Bank presidents.

The Federal Reserve System performs five key functions that serve all Americans and promote the health and stability of the U.S. economy and financial system.

The Federal Reserve System performs five functions to promote the effective operation of the U.S. economy and, more generally, to serve the public interest. It includes three key entities: the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee.

The Federal Reserve System is composed of five parts: [3][7] The Federal Open Market Committee (FOMC), composed of the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents, which oversees open market operations, the principal tool of U.S. monetary policy.

Jan 25, 2024 · The Federal Reserve System is the central bank and monetary authority of the United States. The Fed works to provide the country with a safe, flexible, and stable monetary and financial...

The Federal Reserve System, also referred to as the Fed, includes 12 independent, regional Reserve Banks throughout the United States, the Board of Governors in Washington DC, and the Federal Open Market Committee (FOMC). The Federal Reserve is the third central bank established in US history.

6 days ago · What is the Federal Reserve's governance structure? The Federal Reserve System is a public-private, decentralized institution designed nearly 100 years ago by Congress after six years of public debate. The public component is the government agency, the Board of Governors in Washington, D.C. The private component is the 12 regional Reserve Banks ...

Congress routinely monitors the Federal Reserve System through formal and informal oversight activities. This report examines the structure and operations of the major components of the Federal Reserve System and provides an overview of congressional oversight activities.

Oct 15, 2024 · What Is the Federal Reserve Board (FRB)? 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....

Apr 29, 2025 · The Federal Reserve, often called “the Fed,” is the central bank of the United States. Its primary goals include managing inflation, maximizing employment, and ensuring financial system stability. The Fed’s structure mixes national oversight with regional input.