Vice Chair of the Federal Reserve

As stipulated by the Banking Act of 1935, the president may designated to serve as Vice Chairman of the Board for four-year terms with the advice and consent of the Senate, from among the sitting governors. The Senate Committee responsible for vetting a Federal Reserve vice chair and vice chair for supervision nominees is the Senate Committee on Banking. == Duties of the Fed vice chairs ==

The vice chair of the Board shall serve in the absence of the chair as leader of the Federal Reserve system until chair's replacement was installed by the Senate. By law, the vice chair, as part of the Board, makes a full report of its operations to the speaker of the House, on progress towards the Fed's responsibilities and monetary policy objectives, which are "maximum employment, stable prices, and moderate long-term interest rates." The duties of the vice chair for supervision include developing policy recommendations regarding supervision and regulation for the Board. The vice chairman of supervision reports to Congress semiannually on the efforts of the board with respect to the conduct of supervision and regulation. == Conflict of interest law ==

The law applicable to the chair, vice chairs and all other members of the board provides (in part): == Salary ==

The Vice Chair of the Federal Reserve and the Vice Chair for Supervision are Level II positions in the Executive Schedule, == List of Fed vice chairs ==

The following is a list of past and present vice chairs of the Board of Governors of the Federal Reserve System. A vice chair serves for a four-year term after appointment, but may be reappointed for several consecutive four-year terms. Since the Federal Reserve was established in 1914, the following people have served as vice chair. ==List of Fed vice chairs for supervision==

The Dodd–Frank Wall Street Reform and Consumer Protection Act, which came into force on July 21, 2010, required the president to designate, by and with the advice and consent of the Senate, a new "Vice Chairman for Supervision," who "shall develop policy recommendations for the Board regarding supervision and regulation of depository institution holding companies and other financial firms supervised by the Board and shall oversee the supervision and regulation of such firms." Since the Dodd–Frank Act was enacted in 2010, the following people have served as vice chair for supervision. } ==See also==