!!! Overview [1]
[{$pagename}] ([FRB]) is a seven-member federal agency charged with the overseeing of the 12 District [Federal Reserve Banks] and setting national monetary [policy]. 

[{$pagename}] also supervises and regulates the [United States] [banking system|Bank] in general.

[{$pagename}] members are appointed by the [President of the United States of America] and confirmed by the [United States Senate] for staggered 14-year terms. One term begins every two years, on February 1 of even-numbered years, and members serving a full term cannot be renominated for a second term.] "Upon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified." The law provides for the removal of a member of the board by the [President of the United States of America] "for cause".

[{$pagename}] is required to make an annual report of operations to the Speaker of the [United States House of Representatives].

The Chair and Vice Chair of the [{$pagename}] are appointed by the [President of the United States of America] from among the sitting Governors. They both serve a four-year term and they can be renominated as many times as the [President of the United States of America] chooses, until their terms on the [{$pagename}] expire.

!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [https://en.wikipedia.org/wiki/Federal_Reserve_System|Wikipedia:https://en.wikipedia.org/wiki/Federal_Reserve_System|target='_blank'] - based on information obtained 2017-12-23-