Federal Advisory Council (FAC)

Federal Advisory Council (FAC),

Definition of Federal Advisory Council (FAC):

  1. Group which consults and advises the Federal Reserve Board four times annually, as required by the Federal Reserve Act. Meetings are held in Washington, DC, usually in February, May, September and December. Members typically serve three years on the Federal Advisory Council and are selected by the members of each Reserve Bank - one person represents each Reserve Banks district.

Meaning of Federal Advisory Council (FAC) & Federal Advisory Council (FAC) Definition