Why is the New York Federal Reserve always a voting member on the FOMC?
A. It is the only Federal Reserve bank that is a member of the Bank for International Settlements? (BIS).
B. The New York Federal Reserve district contains many of the largest commercial banks in the United States.
C. The New York Federal Reserve is actively involved in the bond and foreign exchange markets.
D. Only A and C are correct.
E. All of the above are correct.