Lobbying the Federal Reserve

One of the many ways interested parties can lobby – although it’s not called that – is through advisory board appointments.

Such would seem to be the case with the Investor Advisory Committee on Financial Markets, which advises the Federal Reserve Bank of New York.

As the Wall Street Journal wrote Thursday, a member of the panel led a meeting in September, where participants recommended a joint action with other major central banks to address the European debt crisis.

The Federal Reserve announced such a joint action on Wednesday.

While many communications with the Fed are likely to fall outside the boundaries of registered lobbying, some lobbyist contacts with the central bank are reported to the House and Senate.

Registered lobbyists have contacted the system on behalf of 169 clients this year.

Reports filed in the past month include contacts for the U.S. Chamber of Commerce, McGraw-Hill Companies, the Loan Syndication and Trading Association, Bond Dealers of America and the Credit Union National Association.

Here, from our database, are the top filers in the third quarter of 2011:

Name Amount
Chamber of Commerce of The U.S.A. $10,010,000
National Association of Realtors $6,060,000
General Electric Company (Including Subsidiaries) $5,650,000
United Services Automobile Association $2,812,545
AARP $2,750,000
J.P. Morgan Chase Bank, N.A. $2,450,000
Natl Assn of Manufacturers $2,320,000
American Bankers Association $1,970,000
Financial Services Roundtable $1,860,000
General Motors Company $1,780,000
Ford Motor Company $1,733,000
Hewlett-Packard Company $1,500,000
The Travelers Cos., Inc. and Subsidiaries $1,390,000
Securities Industry and Financial Markets Association $1,300,000
Citigroup Management Corp. $1,180,000
Metlife Group, Inc. $1,050,000

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: