Federal Reserve Board
Also known as 'The Fed,' this is a seven-member board of governors appointed by the President to serve 14 year terms. Their responsibility is to establish monetary policies such as interest rates, and to oversee Federal Reserve Banks. Essentially, they monitor the health of the US economy.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
federal
Noun: Federal, Federal soldier, Union soldier (a member of the Union Army during the American Civil War)
Noun: Federal, Fed, federal official (any federal law-enforcement officer)
Adjective: federal (national; especially in reference to the government of the United States as distinct from that of its member units) "the Federal Bureau of Investigation"; "federal courts"; "the federal highway program"; "federal property"
Adjective: federal (of or relating to the central government of a federation) "a federal district is one set aside as the seat of the national government"
Adjective: Union, Federal (being of or having to do with the northern United States and those loyal to the Union during the American Civil War) "Union soldiers"; "Federal forces"; "a Federal infantryman"
Adjective: federal (characterized by or constituting a form of government in which power is divided between one central and several regional authorities) "a federal system like that of the United States"; "federal governments often evolved out of confederations"
reserve
Noun: modesty, reserve (formality and propriety of manner)
Noun: reserve, backlog, stockpile (something kept back or saved for future use or a special purpose)
Noun: substitute, reserve, second-stringer (an athlete who plays only when a starter on the team is replaced)
Noun: reserve ((medicine) potential capacity to respond in order to maintain vital functions)
Noun: reservation, reserve (a district that is reserved for particular purpose)
Noun: military reserve, reserve (armed forces that are not on active duty but can be called in an emergency)
Noun: reserve, reticence, taciturnity (the trait of being uncommunicative; not volunteering anything more than necessary)
Verb: reserve (hold back or set aside, especially for future use or contingency) "they held back their applause in anticipation"
Verb: allow, appropriate, earmark, set aside, reserve (give or assign a resource to a particular person or cause) "I will earmark this money for your research"; "She sets aside time for meditation every day"
Verb: reserve (obtain or arrange (for oneself) in advance) "We managed to reserve a table at Maxim's"
Verb: reserve, hold, book (arrange for and reserve (something for someone else) in advance) "reserve me a seat on a flight"; "The agent booked tickets to the show for the whole family"; "please hold a table at Maxim's"
board
Noun: board (a committee having supervisory powers) "the board has seven members"
Noun: board (a flat piece of material designed for a special purpose) "he nailed boards across the windows"
Noun: board, plank (a stout length of sawn timber; made in a wide variety of sizes and used for many purposes)
Noun: display panel, display board, board (a vertical surface on which information can be displayed to public view)
Noun: board, gameboard (a flat portable surface (usually rectangular) designed for board games) "he got out the board and set up the pieces"
Noun: board, table (food or meals in general) "she sets a fine table"; "room and board"
Noun: control panel, instrument panel, control board, board, panel (electrical device consisting of a flat insulated surface that contains switches and dials and meters for controlling other electrical devices) "he checked the instrument panel"; "suddenly the board lit up like a Christmas tree"
Noun: circuit board, circuit card, board, card, plug-in, add-in (a printed circuit that can be inserted into expansion slots in a computer to increase the computer's capabilities)
Noun: dining table, board (a table at which meals are served) "he helped her clear the dining table"; "a feast was spread upon the board"
Verb: board, get on (get on board of (trains, buses, ships, aircraft, etc.))
Verb: board, room (live and take one's meals at or in) "she rooms in an old boarding house"
Verb: board (lodge and take meals (at))
Verb: board (provide food and lodging (for)) "The old lady is boarding three men"
- Federal Reserve Board -
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