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by legalbeagle
4500 days ago
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This isn't correct. The Federal Reserve System is composed of the various Federal Reserve Banks (FRBs) and the Board of Governors of the Federal Reserve System (BOG). The FRBs are hybrid entities considered to be federal instrumentalities for some purposes but not for others. The BOG is a federal agency. The Chairman of the BOG (Janet Yellen at present) is a presidential appointee confirmed by the Senate. |
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