Advisory group consisting of one member from each Federal Reserve District, usually a banker, selected annually by the board of directors in each of the 12 Federal districts. Members meet with the Federal Reserve Board at least four times a year to make recommendations on business and financial issues relating to banking, but have no real power.
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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