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

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

  • Richard E. Holbrook, First District
  • James P. Gorman, Second District
  • Scott V. Fainor, Third District
  • Paul G. Greig, Fourth District
  • Kelly S. King, Fifth District
  • O.B. Grayson Hall, Jr., Sixth District
  • David W. Nelms, Seventh District
  • Ronald J. Kruszewski, Eighth District
  • Patrick J. Donovan, Ninth District
  • Jonathan M. Kemper, Tenth District
  • Ralph W. Babb, Jr., Eleventh District
  • J. Michael Shepherd, Twelfth District
  • James E. Annable, Secretary

Records of the meetings of the Federal Advisory Council

Records are typically posted two weeks after FAC meetings.

2014
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
Last update: September 23, 2014