Board of Governors | Board of Governors of the Federal Reserve System | Federal Reserve Board | FRB [Abbr.]

IMF Interim Committee | Interim Committee | Interim Committee of the Board of Governors of the International Monetary Fund | Interim Committee of the Board of Governors on the International Monetary System | Interim Committee of the International Monetary Fund | IC [Abbr.]

Interim Committee of the Board of Governors on the International Monetary System

subject to the approval of the Governor in Council

Ad Hoc Committee of the Board of Governors on Reform of the International Monetary System and Related Issues

Governor-in-Council appointments system

By way of exception, the special activities of the Bank, as decided by the Board of Governors and the Board of Directors in accordance with paragraph 3, will have a specific allocation of reserve.

Taking account of the principle of separation and the establishment of the Supervisory Board and the Administrative Board of Review, two distinct procedures should apply: (a) where the ECB contemplates the imposition of administrative penalties in the exercise of its supervisory tasks, decisions to this effect are taken by the Governing Council of the ECB based on a complete draft decision from the Supervisory Board and subject to review by the Administrative Board of Review; and (b) where the ECB contemplates the imposition of sanctions in the exercise of its non-supervisory tasks, decisions to this effect are taken by the Executive Bo ...[+++]ard of the ECB and subject to review by the Governing Council of the ECB.

(c) arbitrage: there is evidence that some Union credit institutions are taking the opportunity to access short-term funding, for example from US mutual money market funds (MMMFs), at below 25 basis points, and that they are depositing at the Federal Reserve at currently 25 basis points;

At its peak (end of 2008), the total outstanding amount of US dollars lent to central banks by the Federal Reserve reached around USD 550 billion, most of which was lent to European central banks (the ECB, the Bank of England and the Swiss National Bank).