Voting members of the Federal Open Market Committee are
A) the Board of Governors, the presidents of five Federal Reserve Banks, and the Comptroller of the Currency.
B) the Board of Governors and presidents of five Federal Reserve Banks.
C) the Board of Governors and all twelve Federal Reserve Bank presidents.
D) the Board of Governors, all twelve Federal Reserve Bank presidents, and the Secretary of the Treasury.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) voting members consist of the seven members of the Federal Reserve's Board of Governors and the presidents of five Federal Reserve Banks, including the New York Bank president and four others who serve on a rotating basis. The Comptroller of the Currency and the Secretary of the Treasury are not voting members of the FOMC.

Voting Members of the Federal Open Market Committee Are