; and (B) ends at midnight on the day after the date on which such meeting takes place. (3) Exemption for Chairman of the Board of Governors Nothing in this section shall prohibit the Chairman of the Board of Governors of the Federal Reserve System from participating in or issuing public communications. . 1003. Public transcripts of FOMC meetings Section 12A of the Federal Reserve Act ( 12 U.S.C. 263 ), as amended by section 1002, is further amended by adding at the end the following: (e) Public transcripts of meetings The Committee shall— (1) record all meetings of the Committee; and (2) make the full transcript of such meetings available to the public. . 1004. Membership of Federal Open Market Committee Section 12A(a) of the Federal Reserve Act ( 12 U.S.C. 263(a) ) is amended— (1) in the first sentence, by striking five and inserting six ; (2) in the second sentence, by striking One by the board of directors and all that follows through the period at the end and inserting the following: One by the boards of directors of the Federal Reserve Banks of New York and Boston; one by the boards of directors of the Federal Reserve Banks of Philadelphia and Cleveland; one by the boards of directors of the Federal Reserve Banks of Richmond and Atlanta; one by the boards of directors of the Federal Reserve Banks of Chicago and St. Louis; one by the boards of directors of the Federal Reserve Banks of Minneapolis and Kansas City; and one by the boards of directors of the Federal Reserve Banks of Dallas and San Francisco.