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A Board of Governors meeting on January 1, 1922 Current and living former governors as of May 1, 2014. The following is a list of past and present members of the Board of Governors of the Federal Reserve System.
As of January 8, 2024, there are 27 states with Republican governors and 23 states with Democratic governors. Three territories have Democratic governors, while one has an independent governor. Pedro Pierluisi of Puerto Rico is a member of the New Progressive Party, although he is also affiliated with the Democratic Party. [6]
The Board of Governors was established in 2003 after the successful passage of the constitutional amendment heralded by Graham in 2002. The Florida Board of Education , also appointed by the governor, oversees kindergarten through higher education, but focused mostly on K-20 education and community colleges .
Federal Reserve Chairs (left to right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Photo taken 1 May 2014, when Yellen was Chair. As stipulated by the Banking Act of 1935, the Chairman is chosen by the president from among the sitting governors to serve four-year terms with the advice and consent of the Senate.
The 9 governors elect the postmaster general, the chairman of the board as well as the USPS inspector general; the governors and the postmaster general elect the deputy postmaster general. No more than five governors may belong to the same political party. The board also has the power to remove all of these officers. [4]
Board of Governors seal Jerome Powell, current chairman of the Board of Governors of the Federal Reserve System. 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.
The Florida Board of Governors is a 17-member governing board that establishes the regulations for all institutions in the State University System of Florida, which includes all public universities in the state of Florida. Each institution has its own Board of Trustees which "is the public body corporate of the university.
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...