"Federal Advisory Council"

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A History of the Federal Reserve, Volume 1: 1913-1951
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Excerpt - on Page 67: " ... run by bankers, with no clear division of authority between the two. As part of the compromise, Wilson proposed a Federal Advisory Council consisting of bankers, appointed by the reserve banks, to serve as advisers to the Board. ... "

The Pressures on American Monetary Policy
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Excerpt - on Page 20: " ... System. The most important systematic and measurable communications between the banking industry and the Federal Reserve System emanate from the Federal Advisory Council. ... "

Secrets of the Temple: How the Federal Reserve Runs the Country
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Excerpt - on Page 114: " ... At the Fed, the secrecy of the bankers' advice was consecrated in the law. The Federal Advisory Council had inspired suspicions from the start. It was added to the original Federal Reserve legislation of 1913 as a compromise ... "

Actively Seeking Work?: The Politics of Unemployment and Welfare Policy in the United States and Great Britain
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