Org dossier
Federal Reserve System
Federal agency · Founded 1913
Structure and appointment
Board of Governors of seven members appointed by the President with the advice and consent of the Senate, serving fourteen-year terms. At least one member must have experience working in or supervising community banks with under $10 billion in assets.
Where to read more
- Official sitehttps://www.federalreserve.gov/
- Wikipediahttps://en.wikipedia.org/wiki/Federal_Reserve
Notes
Central bank of the United States. Self-funded through interest earnings; not appropriated by Congress (no OMB line).