Federal Reserve Bank - Revision history

Gert7: Link to board members. See also: Qash

2026-08-03T17:22:19Z

Link to board members. See also: Qash

← Older revision		Revision as of 17:22, 3 August 2026
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	== Governance ==		== Governance ==
	The FRB is governed by a board of 5 members, 4 of those being chosen by [[Congress]] (called "Sitting Board Members"), and 1 being the [[secretary of the Department of Commerce]] (DOC), ''ex officio''.		The FRB is [[List of federal reserve board members\|governed by a board]] of 5 members, 4 of those being chosen by [[Congress]] (called "Sitting Board Members"), and 1 being the [[secretary of the Department of Commerce]] (DOC), ''ex officio''.

	Sitting Board Members are nominated by majority in the [[House of Representatives\|House]], and confirmed via supermajority in the [[Senate]]. Once a motion to nominate a member is proposed, a joint hearing for that nominee is opened. Sitting Board Members serve terms of up to 4 months that start and end 2 months apart, similar to how seats in the Senate work, divided into two classes. They can be reconfirmed to serve another term within 7 days of the expiration of their term.		Sitting Board Members are nominated by majority in the [[House of Representatives\|House]], and confirmed via supermajority in the [[Senate]]. Once a motion to nominate a member is proposed, a joint hearing for that nominee is opened. Sitting Board Members serve terms of up to 4 months that start and end 2 months apart, similar to how seats in the Senate work, divided into two classes. They can be reconfirmed to serve another term within 7 days of the expiration of their term.
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	# To have exclusive authority to set bonus materials received when gathering material resources.		# To have exclusive authority to set bonus materials received when gathering material resources.
	# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.		# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.

			== See also ==

			* [[Qash]]

	== References ==		== References ==

Gert7: Sort for own category

2026-08-03T17:20:20Z

Sort for own category

← Older revision		Revision as of 17:20, 3 August 2026
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	<references/>		<references/>

	[[Category:Federal Reserve Bank]]		[[Category:Federal Reserve Bank\| ]]
	[[Category:2023 establishments]]		[[Category:2023 establishments]]

Gert7 at 17:16, 3 August 2026

2026-08-03T17:16:14Z

← Older revision		Revision as of 17:16, 3 August 2026
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	# To have exclusive authority to set bonus materials received when gathering material resources.		# To have exclusive authority to set bonus materials received when gathering material resources.
	# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.		# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.

			== References ==
			<references/>

			[[Category:Federal Reserve Bank]]
			[[Category:2023 establishments]]

Corn on the cob at 15:37, 27 June 2026

2026-06-27T15:37:35Z

← Older revision		Revision as of 15:37, 27 June 2026
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	{{distinguish\|Commonwealth Reserve Bank}}		{{distinguish\|Commonwealth Reserve Bank}}

	~~(Work in progress!)~~
	{{Infobox		{{Infobox
	\| title = Federal Reserve Bank		\| title = Federal Reserve Bank
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	== History ==		== History ==
	The FRB is the second central bank in Redmont, after the creation and repeal of the [[Commonwealth Reserve Bank]]. It was first established by the [https://www.democracycraft.net/threads/federal-reserve-act.19572/ Federal Reserve Act of 2023], which was authored and signed by ~~resident~~ [[xlayzur]] on 17 December 2023. This law would only be amended twice before being repealed and replaced with the [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025], which was authored by [[Omegabiebel]], [[Gribble19]], and [[CaseyLeFaye]] and signed on 10 August 2025 by President [[Kaiserin_]].		The FRB is the second central bank in Redmont, after the creation and repeal of the [[Commonwealth Reserve Bank]]. It was first established by the [https://www.democracycraft.net/threads/federal-reserve-act.19572/ Federal Reserve Act of 2023], which was authored and signed by President [[xlayzur]] on 17 December 2023. This law would only be amended twice before being repealed and replaced with the [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025], which was authored by [[Omegabiebel]], [[Gribble19]], and [[CaseyLeFaye]] and signed on 10 August 2025 by President [[Kaiserin_]].

	The [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025] made many changes to the operation of the FRB. Perhaps most notably, it:		The [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025] made many changes to the operation of the FRB. Perhaps most notably, it:
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	* Required nominees to be nominated by the House, rather than the president.		* Required nominees to be nominated by the House, rather than the president.
	* Added reconfirmation and term length limits.		* Added reconfirmation and term length limits.
	*		* Required conflicts of interests to be disclosed publicly.

	== Governance ==		== Governance ==

Corn on the cob: saving. plz excuse my poor wording i will change later

2026-06-27T14:34:56Z

saving. plz excuse my poor wording i will change later

← Older revision		Revision as of 14:34, 27 June 2026
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	== History ==		== History ==
	The FRB is the second central bank in Redmont, after the creation and repeal of the [[Commonwealth Reserve Bank]]. It was first established by the [https://www.democracycraft.net/threads/federal-reserve-act.19572/ Federal Reserve Act of 2023], which was authored and signed by resident [[xlayzur]] on 17 December 2023. This law would only be amended twice before being repealed and replaced with the [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025], which was authored by [[Omegabiebel]], [[Gribble19]], and [[CaseyLeFaye]] and signed on 10 August 2025 by President [[Kaiserin_]].		The FRB is the second central bank in Redmont, after the creation and repeal of the [[Commonwealth Reserve Bank]]. It was first established by the [https://www.democracycraft.net/threads/federal-reserve-act.19572/ Federal Reserve Act of 2023], which was authored and signed by resident [[xlayzur]] on 17 December 2023. This law would only be amended twice before being repealed and replaced with the [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025], which was authored by [[Omegabiebel]], [[Gribble19]], and [[CaseyLeFaye]] and signed on 10 August 2025 by President [[Kaiserin_]].

	The [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025]		The [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025] made many changes to the operation of the FRB. Perhaps most notably, it:

			* Gave the FRB the power to set regulations for the spawning of resources.
			* Required nominees to be nominated by the House, rather than the president.
			* Added reconfirmation and term length limits.
			*

	== Governance ==		== Governance ==
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	Each member has 1 vote, and there is a minimum quorum of 2 votes in order for any decision to be made.		Each member has 1 vote, and there is a minimum quorum of 2 votes in order for any decision to be made.

			== Oversight ==
			Each month, the FRB is required to publicly release a report containing what assets and liabilities they hold, the health of the economy, any decisions they made, and any money or material resources that were spawned or despawned by them. They are also required to keep full accounting books.

			Failure of a sitting board member to publicly report a conflict of interest they hold constitutes an act of corruption.

			The Senate appoints an [[inspector general]] by majority vote. The current inspector general is [[Bardiya_King]].<ref>https://discord.com/channels/794162227837534208/918003510795202640/1504819182267793430</ref> The inspector general cannot be a member of the FRB or of a financial institution. The inspector general is granted unfiltered access to view all internal FRB communications and is responsible for holding the board accountable and that they are acting in the interests of the Commonwealth. Each month, they are required to publish a public audit report to show that the FRB is meeting their obligations and operating lawfully.
	== Powers ==		== Powers ==
	The FRB has the power to enact policy regarding its internal structure and the use and delegation of powers granted to it, which are:		The FRB has the power to enact policy regarding its internal structure and the use and delegation of powers granted to it, which are:

Corn on the cob: saving...

2026-06-27T04:19:36Z

saving...

← Older revision		Revision as of 04:19, 27 June 2026
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	}}		}}

	The Federal Reserve Bank (FRB) is the ~~national~~ bank of [[Redmont]]. It is mandated with managing the health of the economy, operating independently, and being transparent about its operations.<ref>https://www.democracycraft.net/threads/federal-reserve-act.29219/</ref>		The Federal Reserve Bank (FRB) is the central bank of [[Redmont]]. It is mandated with managing the health of the economy, operating independently, and being transparent about its operations.<ref>https://www.democracycraft.net/threads/federal-reserve-act.29219/</ref>

			== History ==
			The FRB is the second central bank in Redmont, after the creation and repeal of the [[Commonwealth Reserve Bank]]. It was first established by the [https://www.democracycraft.net/threads/federal-reserve-act.19572/ Federal Reserve Act of 2023], which was authored and signed by resident [[xlayzur]] on 17 December 2023. This law would only be amended twice before being repealed and replaced with the [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025], which was authored by [[Omegabiebel]], [[Gribble19]], and [[CaseyLeFaye]] and signed on 10 August 2025 by President [[Kaiserin_]].

			The [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act of 2025]

	== Governance ==		== Governance ==
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	# To have exclusive authority to set bonus materials received when gathering material resources.		# To have exclusive authority to set bonus materials received when gathering material resources.
	# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.		# To set reserve requirements and to require commercial banks and credit unions to hold this reserve within the Reserve Bank.

	~~== History ==~~
	~~The FRB was created on...~~

Corn on the cob at 18:33, 26 June 2026

2026-06-26T18:33:02Z

← Older revision		Revision as of 18:33, 26 June 2026
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	\| data2 = [[Robidemon2]]		\| data2 = [[Robidemon2]]
	\| label3 = Other Members		\| label3 = Other Members
	\| data3 = [[xSyncx]], [[Soundi83]], [[xXTheoryXx]] ''ex officio''		\| data3 = [[xSyncx]], [[Soundi83]], [[xXTheoryXx]] ''ex officio''
	\| label4 = Established		\| label4 = Established
	\| data4 = ~~DATE~~		\| data4 = 24 November 2023
			\| label5 = Key document
			\| data5 = [https://www.democracycraft.net/threads/federal-reserve-act.29219/ Federal Reserve Act]
	}}		}}

Corn on the cob at 18:31, 26 June 2026

2026-06-26T18:31:01Z

← Older revision		Revision as of 18:31, 26 June 2026
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			{{distinguish\|Commonwealth Reserve Bank}}

	(Work in progress!)		(Work in progress!)
	{{Infobox		{{Infobox

Corn on the cob at 17:31, 26 June 2026

2026-06-26T17:31:58Z

← Older revision		Revision as of 17:31, 26 June 2026
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	\| data2 = [[Robidemon2]]		\| data2 = [[Robidemon2]]
	\| label3 = Other Members		\| label3 = Other Members
	\| data3 = [[xXTheoryXx]],		\| data3 = [[xSyncx]], [[Soundi83]], [[xXTheoryXx]] ''ex officio''
	\| label4 = Established		\| label4 = Established
	\| data4 = DATE		\| data4 = DATE

Corn on the cob: saving

2026-06-26T17:30:46Z

saving

@@ Line 4: / Line 4: @@
 | image            = [[File:Federal Reserve Bank Seal.png|frameless|250px]]
 | caption          = Seal of the Federal Reserve Bank
-| label1           = Leader
+| label1           = Governor
-| data1            = [[Governor of the Federal Reserve Bank]]
+| data1            = [[jJoshuaTheGreat]]
-| label2           = Second leader
+| label2           = Lieutenant-Governor
-| data2            = [[Lieutenant-Governor of the Federal Reserve Bank]]
+| data2            = [[Robidemon2]]
-| header3          = Sessions <br><small>
+| label3           = Other Members
-{{hlist|
+| data3            = [[xXTheoryXx]],
-* [[1st Congress|1st]]
+| label4           = Established
-* [[2nd Congress|2nd]]
+| data4            = DATE
 }}