title: Federal Advisory Council
text: # Federal Advisory Council
  
  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
  