The Federal advisory council or (FAC) is a body composed of representatives chosen by each of the twelve Federal Reserve Banks that "consults with and advises the Board on all matters within the Board's jurisdiction." Membership President - William Downe Vice President - Lyle R. Knight First District - Joseph L. Hooley Second District - James P. Gorman Third District - Bharat B. Masrani Fourth District - James E. Rohr Fifth District - Richard D. Fairbank Sixth District - Daryl G. Byrd Seventh District - David W. Nelms Eight District - Bryan Jordan Ninth District - Ken Karels Tenth District - Stanley A. Lybarger Eleventh District - Richard W. Evans, Jr. Twelfth District - J. Michael Shepherd Secretary - James E. Annable References External links Federal Advisory Council at the Federal Reserve Minutes and Recommendations of the Federal Advisory Council, 1914-1968 Federal Reserve System