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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Advisory Councils


The Federal Reserve System uses advisory and working committees in carrying out its varied responsibilities. Two of these committees advise the Federal Reserve Board directly: the Federal Advisory Council, and the Community Depository Institutions Advisory Council. The Federal Advisory Council was established by law, and the Community Depository Institutions Advisory Council was created by the Federal Reserve Board.

Each Federal Reserve Bank also uses advisory committees. These committees advise the Bank on matters of importance in the Bank's District, such as agriculture and small business.

Last update: December 19, 2014