Final answer:
The FR banks of NY is always a voting member of the FOMC because the New York district president has a permanent seat as part of its structure designed to make key monetary policy decisions.
Step-by-step explanation:
The FR banks of NY is always a voting member of the FOMC because the New York district president holds a permanent position as a voting member on the Committee. As part of the Federal Open Market Committee's configuration, there are seven members from the Federal Reserve's Board of Governors and five voting members selected from regional Federal Reserve Banks, with the New York district being an exception to the rotation policy. The other four spots are filled on a rotating, annual basis from the remaining 11 districts. The FOMC's responsibilities include making critical decisions on open market operations, which are essential in the implementation of monetary policy.