Federal Open Market Committee
(ECONOMICS) the administrative committee of the Federal Reserve System that actually administers monetary policy. There are 12 members of the FOMC. The 12 members include all seven governors of the Federal Reserve Board (FRB). In addition, representatives of each Federal Reserve Bank are eligible to serve on the FOMC. The FOMC implements sales/purchases of treasury securities (open market operations) in order to create credit at member banks. This is the process by which banks with FRS membership can create money. The difficulty of open market operations lies in ensuring that rates for short term securities remain lower than those for long term securities. Otherwise, monetary tightening cannot succeed in curbing inflation. The Federal Reserve Bank of New York (2nd FRB) is by far the most important of the 12 district banks. Historically, its president has often gone on to become either chairman of the Federal Reserve Board, or else Secretary of the Treasury (as, for example, Treasury Secretary Timothy Geithner). Nearly all bank holding companies have subsidiaries in the 2nd District, and the 2nd District is uniquely guaranteed a seat on the FOMC. The other 11 rotate, with 4 taking a turn of the FOMC at any given time.
The Urban Dictionary Mug
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This was a phrase my husband and I made up even we first started dating. We laughed so hard while submitting it. The mug is perfect!
Urban Dictionary. Mixes truth with lies. Keeps a record. Thanks for the truthful parts, bro. 🙏💪✝️
I wish I had this mug I SOOOO wish I had this mug! I never find anything that has my name on it unless I have it custom made. I'm actually quite surprised that 'Lani' is on the Urban Dictionary... And the definition is pretty accurate ;)
really awesome mug I gave this mug as a secret Santa gift and and my cousin still uses it to this day. It is truly a awesome mug and it deserves 5 stars.
i shit in it
I cumed in my pants when it arrived in the mail. no more porn, just mug
i love it. my friend loved it. yay. now i'm happy and not depressed anymore.
You can't get a mug from any other dictionary site
Was quality and delivered quick our friend loved it!
Quality and style are outstanding relative to price point.
Quick delivery, easy ordering, unique and special gift!
My coach loves it. I gave this to my coach and she was over the moon. Ever been hugged by an Olympic gold medalist?
Perfect cuup of coffee size, and the printing is spot on!
Arrived speedily and exactly as pictured.
I LOVE GETTING THE FUCKING MUG
The wife absolutely loved it for her birthday
it was the best and it was so worth the 10000000000 dollars
Can we really send one to Trump? That's where mine is going. Anyone who gets it will see it as a compliment, I'm sure. Love my mug and love that new "urban dictionary" term: Celebritrash. It'll be in the mainstream dictionaries next week.
My friend saw the message on the cup ordered at a mutual friends house. We think it’s hilarious so had to put it on a coffee cup. Funny, great Christmas present. If she can’t use in public she can always use at home for pens and pencils on her desk!
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