Federal Reserve Board of Governors

Governing body of the U.S. Federal Reserve System Board of Governors of the Federal Reserve SystemSeal of the Federal Reserve SystemFlag of the Federal Reserve SystemThe Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquartersCentral bank ofUnited StatesHeadquartersEccles Building, Washington, D.C., U.S.EstablishedDecember 23, 1913 (112 years ago) (1913-12-23)Governing bodyBoard of GovernorsKey peopleKevin Warsh, ChairPhilip Jefferson, Vice ChairMichelle Bowman, Vice Chair for SupervisionCurrencyUnited States dollarUSD (ISO 4217)Reserve requirementsNoneBank rate3.75%Interest rate target3.50-3.75%Interest on reserves3.65%Interest paid on excess reserves?YesWebsiteOfficial websiteFederal Reserve Board of GovernorsAgency overviewJurisdictionFederal government of the United StatesChild agencyFederal Open Market CommitteeKey documentFederal Reserve Act This article is part of a series onBanking in theUnited States Regulation Monetary policy Banking charters Credit union Federal savings bank Federal savings association National bank State bank Lending Credit card Deposit accounts Checking Money-market Savings Certificate of deposit Account insurance