(US GOVERNMENT) one of two governing boards of the US Federal Reserve System (the Usonian Central Bank). The FRB consists of seven governors appointed by the White House to staggered terms of 14 years.
Governor appointments are subject to Senate confirmation.
The FRB sets monetary policy. Its seven members also serve on the other governing board of the Fed, the FOMC. However, the FRB has sole responsibility for discount rates and reserve requirements, and it is also responsible for enforcement of banking regulation.
Governor appointments are subject to Senate confirmation.
The FRB sets monetary policy. Its seven members also serve on the other governing board of the Fed, the FOMC. However, the FRB has sole responsibility for discount rates and reserve requirements, and it is also responsible for enforcement of banking regulation.
Despite the fact that the Chairman of the Federal Reserve Board has the same power as the other six governors, most people have only heard of Alan Greenspan (1987-2006) or Ben Bernanke (2006-present). About the same time, Susan M. Phillips (1991-1998) held approximately equal power on the Board; so did Roger W. Ferguson, Jr. (1997-2006).
Because governors almost never serve their full terms, there are currently only five governors on the board. The two longest-serving members, Bernanke and Vice Chair Donald Kohn, have only been there since August 2002.
Because governors almost never serve their full terms, there are currently only five governors on the board. The two longest-serving members, Bernanke and Vice Chair Donald Kohn, have only been there since August 2002.
by Abu Yahya June 16, 2010
by Smashstro November 17, 2013
i buy all my skating gear including boards and components from covert board shop since it is across the street from the skatepark
by skaterjack October 06, 2006
by Ihatedk69 August 09, 2017
Where I've been modded more times than I can count.... still a fun place to be though. Also a place where some boards are overrun with trolls that can't spell.
User 1: Hey, I have a question. If you put really hot butter in a chick's clit, will it burn her?
User 2: No shit. What in the fuck are YOU smoking?
User 3: Yes.
User 4: OMFG teh LOLZ yu n00b wtfwtfwtf dpsht mothrfcker yu sck bitch
User 1: Thanks!
User 2: Dumbass....
Mod: *moderates Users 2 and 4*
User 2: What the fuck? Dipshit! In Soviet Russ-*gets shot*
User 2: No shit. What in the fuck are YOU smoking?
User 3: Yes.
User 4: OMFG teh LOLZ yu n00b wtfwtfwtf dpsht mothrfcker yu sck bitch
User 1: Thanks!
User 2: Dumbass....
Mod: *moderates Users 2 and 4*
User 2: What the fuck? Dipshit! In Soviet Russ-*gets shot*
by Seefu Sefirosu July 23, 2005
A sexual act in which a man takes a runny shit on a woman's chest, rubs it all over her, jumps on her stomach, and rides her down a flight of stairs.
by Dick Fishburg October 30, 2007
This is used to describe a woman with no breasts.
Simply, the nails are the nipples and the board is the chest.
Simply, the nails are the nipples and the board is the chest.
John: OMG! Did you just see that chick? She's basically two nails on a board!
Craig: Kinda like your girlfriend?
Craig: Kinda like your girlfriend?
by xXshadowXx October 30, 2008