Also known as:Federal Reserve Board · Fed · Federal Reserve
Written by attorneys · grounded in primary & secondary sources — see below
An abbreviation for the Federal Reserve Board of Governors, the seven-member body that oversees the Federal Reserve System.
Sources & Authorities· 4 primary sources
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How it applies
Common Examples
6
Lost Memorandum Remains Effective
Fulton Shipping and Ferrum Metals signed a supply agreement overseen by the FRB for a satellite component. After the original signed memorandum was destroyed in a fire, Fulton offered an unsigned copy plus testimony from its vice president describing the terms. The court held the agreement enforceable because loss of the memorandum does not deprive it of effect under the statute of frauds.
FRB Project Faces Zoning Challenge
Fiona Foster's development company sought permits for housing near an FRB-regulated facility. The village denied the permits citing density rules that disproportionately affected minority applicants. The court examined whether the denial reflected discriminatory intent under equal-protection standards.
Arlington Heights, Village of v. Metropolitan Housing Development Corp.429 U.S. 252, 97 S.Ct. 555, 50 L.Ed.2d 450 (1977), on remand 558 F.2d 1283 (7th Cir.1977)
FRB Benefit Termination Procedures
Frank Fisher received disability benefits through an FRB-linked program. The agency terminated payments after a file review without a hearing. Fisher challenged the procedures, requiring the court to weigh his private interest, the risk of error, and the government's administrative burden.
Matthews v. Eldridge424 U.S. 319 (1976)
Expert Testimony in FRB Contract Suit
Fairview Manufacturing sued Franklin Foundry over a component built for an FRB project. Franklin offered scientific testimony on thermal failure rates. The court assessed whether the testimony rested on reliable methods and sufficient facts before admitting it.
Daubert v. Merrell Dow Pharmaceuticals, Inc.509 U.S. 579, 592 (1993)
FRB Rulemaking Challenge
Faye Fuller petitioned for review of an FRB operating circular on funds transfers. She argued the agency should have considered additional alternatives. The court limited its inquiry to whether the FRB's interpretation of its statute was reasonable.
Vermont Yankee Nuclear Power Corp. v. Nat. Res. Def. Council, Inc.467 U.S. 837, 843, 104 S. Ct. 2778, 2781, 81 L. Ed. 2d 694 (1984)
FRB Facility Triggers Takings Claim
Forrest Falconer owned land taken for an FRB building expansion. The city offered compensation based on the land's value before the project. Falconer claimed the taking violated due process because just compensation was required under the Fourteenth Amendment.
Chicago, Burlington & Quincy Railroad Co. v. City of Chicago166 U.S. 226, 239, 17 S.Ct. 581, 585, 41 L.Ed. 979 (1897)
Common questions
Frequently Asked
1
What does the abbreviation FRB stand for?+
FRB stands for the Federal Reserve Board of Governors, the seven-member body that oversees the Federal Reserve System.
272 U.S. 365, 47 S.Ct. 114, 71 L.Ed 303 (1926)Property
…limitations or conditions. The court below held the ordinance to be unconstitutional and void, and enjoined its enforcement. 297 Fed. 307. Before proceeding to a consideration of the case, it is necessary to determine the scope of the inquiry. The bill alleges that the tract of land in question is vacant and has been…