What is FEDERAL ADVISORY COUNCIL (FAC)?

A group that advises a board four time a year. It is required by the federal reserve act. It happens in February, May, Septemer, and December.

More On This Topic



Link to This Definition
Did you find this definition of FEDERAL ADVISORY COUNCIL (FAC) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary