Federal Advisory Council

The Federal Advisory Council (FAC), which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. The council ordinarily meets four times a year, the minimum number of meetings required by the Federal Reserve Act. These meetings are always held in Washington, D.C., customarily on the first Friday of February, May, September, and December, although occasionally the meetings are set for different times to suit the convenience of either the council or the Board. Each year, each Reserve Bank chooses one person to represent its District on the FAC, and members customarily serve three one-year terms. The members elect their own officers.

Members

Bruce W. Van Saun, First District

Michael L. Corbat, Second District

Mark A. Turner, Third District

Beth E. Mooney, Fourth District

Brian T. Moynihan, Fifth District

William H. Rogers, Jr., Sixth District

Frederick H. Waddell, Seventh District

Ronald J. Kruszewski, Eighth District

Kenneth J. Karels, Ninth District

Leslie R. Andersen, Tenth District

Ralph W. Babb, Jr., Eleventh District

Robert G. Sarver, Twelfth District

Herb Taylor, Secretary

Records of the meetings of the Federal Advisory Council

2017
September 8 PDF
May 12 PDF
February 10 PDF
2016
November 30 PDF
September 7 PDF
May 4 PDF
February 3 PDF
2015
December 4 PDF
September 3 PDF
May 8 PDF
February 5 PDF
2014
December 5 PDF
September 19 PDF
May 9 PDF
February 7 PDF
2013
December 6 PDF
September 20 PDF
May 17 PDF
February 8 PDF
2012
December 14 PDF
September 14 PDF
May 11 PDF
February 3 PDF
2011
December 2 PDF
September 2 PDF
May 13 PDF
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Last Update: September 22, 2017