Where do the members of the federal advisory council come from

History

1 answer:

olya-2409 [2.1K]3 years ago

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Answer:

Answered below

Explanation:

The federal advisory council is a body whose members are representatives from each of the twelve branches of the federal reserve banks. They advise and consult with the board of governors of the federal reserve system, on issues within their jurisdiction.

The federal advisory council members usually serve three one-year terms and meet with the federal board of governors in Washington DC, four times a year. These meetings are held in February, May, September and December.

They discuss current business and financial conditions and events as well as suggest recommendations for potential policy changes. They also carry out research for the board of governors.

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