Board of Governors of the Federal Reserve System. Bloomberg L.P. v. Board of Governors of the Federal Reserve System, 1:08-cv-09595, was a lawsuit by Bloomberg L.P. against the Board of Governors of the Federal Reserve System for disclosure of information about banks and other financial institutions that had borrowed from the Federal Reserve discount window during the United States housing bubble and ensuing financial crisis. The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies) are The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. As noted, the survey panel comprises 46 domestic banks and 34 foreign banks. The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, the agencies) are issuing this statement to encourage banks to transition away from U.S. dollar (USD) LIBOR as Consistent with the requirement of Section 102(f)(8) of the Act, 41 U.S.C. The board consists of the seven governors, appointed by the president and confirmed by the Senate. For example, we recommended that the Federal Reserve improve how it assesses whether the largest U.S. banks can withstand financial turmoil. It enforces those rules for the Federal Reserve member banks only. These include 900 state banks that are members of the Federal Reserve system … Graphic showing that this report discusses GAO's 2019 priority recommendations for the Board of Governors of the Federal Reserve System the Federal Reserve System, Washington, D.C. 20551. More than 12.5 million Americans are out of work. 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