3. The Federal Reserve's organization While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only of the regional bank presidents are members of the FOMC. Which of the following contributes to making the Federal Reserve an independent policymaking body? There are 12 Federal Reserve banks. Members of the Board of Governors are appointed for 14-year terms. Its role is written into the U.S. Constitution. The Federal Reserve's primary tool for changing the money supply is . In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will government bonds