Federal Advisory Council

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The Federal advisory council or (FAC) is a body composed of representatives chosen by each of the twelve Federal Reserve Banks that "consults with and advises the Board on all matters within the Board's jurisdiction."[1][2]

## Membership

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* President - William Downe
* Vice President - Lyle R. Knight
* First District - Joseph L. Hooley
* Second District - James P. Gorman
* Third District - Bharat B. Masrani
* Fourth District - James E. Rohr
* Fifth District - Richard D. Fairbank
* Sixth District - Daryl G. Byrd
* Seventh District - David W. Nelms
* Eight District - Bryan Jordan
* Ninth District - Ken Karels
* Tenth District - Stanley A. Lybarger
* Eleventh District - Richard W. Evans, Jr.
* Twelfth District - J. Michael Shepherd
* Secretary - James E. Annable

## References

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1. ^ ""FRB: Federal Advisory Council"". Retrieved 7 May 2013.
2. ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 551\. ISBN 0-13-063085-3.`{{cite book}}`: CS1 maint: location (link)

## External links

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* Business and economics portal

* Federal Advisory Council at the Federal Reserve
* Minutes and Recommendations of the Federal Advisory Council, 1914-1968

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