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The twelve districts include Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. They meet eight times a year in Washington, DC. The committee is made up of one President of the Federal Reserve Bank of New York, four other reserve bank Presidents who serve in rotation and contribute to the Committee's discussions and deliberations, there are an additional seven board members of the Board of Governs. The Directors of each Reserve Bank also make recommendations about appropriate discount rates that the Governors have final approval over...
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