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Federal Advisory Council |
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Federal Advisory Council (FAC) Advisory group made up of one representative (in most cases a banker) from each of the 12 Federal Reserve districts. Established by the Federal REserve Act, the council meets periodically with the Board of Governors to discuss business and financial conditions and make recommendations. |
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It requires the Federal Advisory Council on Unemployment Compensation to study and make recommendations to the tax-writing Committees of Congress on whether or not the suspended provisions should be repealed or revised. WILCOX, Associate Economist DINO KOS, Manager, System Open Market Account FEDERAL ADVISORY COUNCIL DAVID A. The Federal Advisory Council consults with and advises the Federal Reserve Board of Governors on financial matters, including the national economy, the financial services industry's view on regulatory issues, proposed regulations, and the health of the financial services industry. |
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Federal Advisory Council