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Unformatted text preview: 1. 12 Federal Reserve Banks (FRBs) 2. Board of Governors (BoG): 7 members a. 14-year, nonrenewable terms b. Chair: 4-year renewable term 3. Federal Open Market Committee (FOMC) a. 12 voting members (7 and 5) b. 2011: NY, CHI, DAL, MIN, PHIL c. 2012: NY, CLE, ATL, RICH, SF d. 2013: NY, CHI, BOS, KC, STL III. NEXT TIME A. Finish Chapter 31: Monetary Policy B. Begin Chapter 36: International Financial Policy...
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- Spring '07