The Exchequer Club was formed in 1960 by a group of individuals whose primary professional interest was in the field of national economic and financial policy. Today, its membership includes more than 300 senior professionals from trade associations, federal regulatory agencies, law firms, Congressional committees, and the national press.
The purpose of the Exchequer Club is to enhance understanding of current developments, issues and policies relating to the financial services industry nationwide. Toward this end, it provides a pleasant and hospitable forum for the informal exchange of information and opinion among individuals whose professional interests center primarily on national financial services issues. The Club invites knowledgeable and prestigious speakers to address its members, encourages members to bring to its meetings guests who share the members’ professional interests, and seeks to achieve the full and frank exchange of views in a relaxed and agreeable environment.
A nominee for membership must be either:
1. A full-time employee of a national financial trade association, the national financial press, a national financial regulatory agency, a Congressional committee with jurisdiction over financial organizations, or an organization which, in the judgement of the Steering Committee, has basic characteristics inherent in one or more of these three entities, or
2. An employee in the private sector, who must either:
- Devote at least 50 percent of his or her time to the performance of services for a national financial trade association or association,
- Be the only Washington representative of a national financial trade association having headquarters outside of Washington, DC, or
- Be, in the judgement of the Steering Committee, significantly and prominently involved in issues of national finance through the employement by, representation of, or provision of professional services to one or more financial institutions or other organizations engaged in financial activities.
The Exchequer Club holds luncheon meetings on the third Wednesday of each month, unless the Chancellor otherwise notifies the membership. The Steering Committee may call special meetings of the Club at any time by giving notice to the members at least five days prior to the date fixed for any special meeting. The Club year begins on August 1 of each year, and ends on July 31 of the following year.
The Club usually holds luncheon meetings at the Mayflower Hotel on Connecticut Avenue. All members receive an email message with the details of the upcoming meeting two weeks prior to each meeting.