During the 1994 cost reporting year, nursing homes in Minnesota had an average. of $89.82 per resident day in allowed costs.3 Minnesotaâs total nursing home. costs per day were 7 percent higher than daily costs in Wisconsin, 20 percent.
Membership of the Board of Governors of the Federal Reserve System, 1914-Present. The Federal Reserve Board consisted of seven members, including the Secretary of the Treasury and the Comptroller of the Currency, who were members ex officio, meaning that they were members by virtue of their office.
DEFINITION of 'Federal Open Market Committee-FOMC'. The branch of the Federal Reserve Board that determines the direction of monetary policy.The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents.The president of the Federal Reserve Bank of New York serves continuously, while the presidents of the other reserve banks rotate their service of one-year terms.Next Up.he FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The president of the Federal Reserve Bank of New York serves continuously, while the presidents of the other reserve banks rotate their service of one-year terms. Next Up.