DHS Systems founder and Chief Executive Officer A. Jon Prusmack was recently elected as a formal member of the Small Business and Agriculture Advisory Council of the Federal Reserve Bank of New York.

The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The "Fed," as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States. It is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government’s financing operations, and serving as the banker for the U.S. government. In addition, it has important roles in operating the nation’s payments systems, protecting consumers’ rights in their dealings with banks and promoting community development and reinvestment.

The primary purpose of the Council meetings is to exchange perspectives about the national and regional economies and to learn the key economic and financial issues that are of concern to the region.

Once accepted, each Council member is required to serve a three-year term.

Mr. Prusmack has served on various boards including the Aerospace and Defense Alliance, Rockland County Economic Development Corporation, and is on the Board of Trustees for Dominican College in Orangeburg, NY.

He has devoted the last ten years to extending the reach of DRASH technology from the Defense Industry into Homeland Security and the recreational markets. Mr. Prusmack holds multiple patents on the DRASH shelters, trailers and other DHS Technologies products.