Advisory Councils

The Federal Reserve System uses advisory and working committees in carrying out its varied responsibilities. Three of these committees advise the Federal Reserve Board directly: the Consumer Advisory Council, the Federal Advisory Council, and the Community Depository Institutions Advisory Council. The first two were established by law, and the third was created by the Federal Reserve Board.

• Consumer Advisory Council
• Community Depository Institutions Advisory Council
• Federal Advisory Council
• Model Validation Council

Each Federal Reserve Bank also uses advisory committees. These committees advise the Bank on matters of importance in the Bank's District, such as agriculture and small business.