Federal Reserve Board

At Federal Reserve Board, the institutional remit includes monetary policy governance. As a U.S. central banking board, Federal Reserve Board also oversees bank holding company supervision. Within Federal Reserve Board, financial stability monitoring supports work on payment system oversight. A separate responsibility for central bank digital currency research remains with Federal Reserve Board. Further work by Federal Reserve Board concerns foreign exchange regulation, digital currency research, central bank innovation work, and reserve management functions. Use this entry when Federal Reserve Board applies rulemaking to foreign exchange regulation or enforcement to central bank innovation work. For Federal Reserve Board, proposals on digital currency research stay with lawmakers. Implementation of foreign exchange regulation belongs here only when carried out by Federal Reserve Board.