Federal Advisory Council, a body composed of representatives chosen by each of the twelve Federal Reserve Banks that "consults with and advises the Board on all matters within the Board's jurisdiction."
The Federal Council (German: Bundesrat (pronounced[ˈbʊndəsʁaːt]) is the second chamber of the Austrian Parliament, representing the nine States of Austria (Bundesländer) on federal level. As part of a bicameral legislature alongside of the National Council (Nationalrat), it can be compared with an upper house or a senate. In fact, however, it is far less powerful than the National Council: although it has to approve every new law decided for by this "lower" chamber, the latter can—in most cases—overrule the Federal Council´s refusal to approve.
As the Constitution of Austria (B-VG) draws a strict distinction between federal and state legislation, its Article 42 provides the Bundesrat only with the right to veto federal laws passed by the National Council. Morevover in most cases a Federal Council's veto is just suspensive, meaning the National Council can override it, passing the law again by ordinary resolution of at least half of its members. Therefore, the decisions of the Bundesrat can only delay legislation.
The German Bundesrat (literally "Federal Council"; pronounced[ˈbʊndəsʁaːt]) is a legislative body that represents the sixteen Länder (federal states) of Germany at the national level. The Bundesrat meets at the former Prussian House of Lords in Berlin. Its second seat is located in the former West German capital of Bonn.