The Board of Governors of the Federal Reserve System:
A)oversee the supervision and regulation of member banks and bank holding companies
B)regulates reserve balance requirements for depository institutions
C)oversees the collection and clearance of checks for depository institutions Not clear in the chapter
D)all the above
E)none of the above

Question

Quizplus · Accepted Answer

The Board of Governors of the Federal Reserve System oversee the supervision and regulation of member banks and bank holding companies, regulate reserve balance requirements for depository institutions, and oversees the collection and clearance of checks for depository institutions. Therefore, all options provided in the question are correct.