Final answer:
The New York district is always represented on the FOMC, with its president serving as a permanent voting member.
Step-by-step explanation:
The Federal Reserve district that is always represented on the Federal Open Market Committee (FOMC) is the New York district. The FOMC is responsible for making key decisions regarding monetary policy and open market operations. The FOMC consists of seven members of the Federal Reserve's Board of Governors, and it also includes five voting members drawn from the regional Federal Reserve Banks on a rotating basis. The New York district president is always a permanent voting member of the FOMC, while the other four spots are filled on a rotating, annual basis from the other 11 districts. Comprising seven members of the Federal Reserve's Board of Governors and five voting members from the regional Reserve Banks, the New York district president holds a permanent position as a voting member on the FOMC. Other four spots are filled on a rotating basis from the remaining 11 districts.