Board of Governors directors to
Seven members, including Around 2,900
Twelve Federal
each FRB
Reserve Banks (FRBs)
Each with nine directors
who appoint president
Member
directors to
Banks
each FRB
the chairman, appointed
by the president of the
United States and
confirmed by the Senate
Appoints
three
¥Select
V
and other officers of the
FRB
member
commercial
banks
Council, and around 2,900 member commercial banks. Figure 1 outlines the relationships of these entities to one another and to the