him to exert influence on the Fed. However, in practice many governors who leaves his job at the Fed before the expiration of 14-year period, and many presidents were nominated for more than two governors. The term of office of governors always expire on January 31. By law, the governors should be "financial, agricultural , industrial and commercial interests, as well as all regions of the country. ". S. territory is divided into four regions, each of which operate with Federal Reserve Banks. In the first region includes the Boston, Philadelphia and Richmond. The second group includes Cleveland and Chicago, the third - Atlanta, St. Louis and Dallas, the fourth - Minneapolis, Kansas City and San Francisco. Each region can be delegated to the governors of not more than one representative.his appointment as members of the Board of Governors of the Federal Reserve have the same freedom of action, as the US Supreme Court. After taking office, they cannot be dismissed on the grounds that their views do not reflect the views of other governors or officials. This rule was introduced in order to fully protect the Fed from external influences and to exclude the impact of political motives in the governor's decision. The governors work in constant cooperation with the US administration. They often come out with a report to Congress.
"Face" The Fed is the Chairman of the Board of Governors, which is responsible for the activities of the entire system. Chairman of the Board of Governors and Vice-President may hold office for four years. The US president selects from among the governors, the nomination must be approved by the Senate. Curiously, many leaders of the Federal Reserve hold office more than 14 years. Chapter Board of Governors of the Federal Reserve from time to time meets with US President and the Minister of Finance. Chairman of the Board of Governors of the Federal Reserve also has a number of commitments at the international level, in particular, is an alternative member of the Board of Governors of the United States in the International Monetary Fund and a member of the US
Federal Reserve Bank
According to the law of the Fed's entire territory of the United States divided by 12 reserve districts, each of which is serviced by the Federal Reserve Bank of the district. Federal Reserve Banks are the main operational arm of the Federal Reserve System, acting as the central bank for its district. Each of them is a kind of joint-stock company whose shares are owned by member banks of the district.of Federal Reserve Banks, along with their 25 branches carry out such functions as the Fed actuation of a nationwide payments system, the distribution of the national currency, controlling and regulating member banks and bank holding companies, as well as the function of the banker for the US Treasury. Each Reserve District marked its letter and number,...
