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Federal Advisory Council

The Federal Reserve
Read more about the Federal Advisory Council

The Federal Advisory Council comprises 12 representatives of the banking industry, one from each Federal Reserve District. Council members meet with and advise members of the Board of Governors on matters including economic conditions, the outlook for loan markets and financial markets, capital and liquidity standards, and community development lending and investment, among other issues. The Cleveland board of directors annually appoints a representative to the Federal Advisory Council.