Federal Reserve Board announces Community Advisory Council

Federal Reserve Board announces Community Advisory Council
The Federal Reserve Board recently created a new advisory council – the Community Advisory Council (CAC). The Board is now accepting Statements of Interest from individuals who wish to serve on the CAC. The Board plans to fill the 15 seats on the CAC with a diverse group of experts and representatives of consumer and community development organizations and interests, including from such fields as affordable housing, community and economic development, small business, and asset and wealth building. The Board expects to announce the appointment of CAC members in the fall of 2015.

Submissions will be accepted through June 12, 2015

CAC members will provide a range of perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income consumers and communities. The CAC will complement two of the Board’s other advisory councils – the Community Depository Institutions Advisory Council (CDIAC) and the Federal Advisory Council (FAC) – whose members represent depository institutions.

Electronic submissions of Statements of Interest via the Board’s website or via email are preferred. Statements of Interest may include additional information about the candidate’s qualifications in the form of a cover letter, resume, or other document. Any such supplemental materials may be emailed to CCA-CAC@frb.gov. If electronic submission is not feasible, submissions may be mailed to the Board of Governors of the Federal Reserve System, Attn: Community Advisory Council, Mail Stop N-805, 20th Street and Constitution Ave. NW., Washington, DC 20551.

Additional information about the selection process, including instructions for submitting a Statement of Interest, can be found in the Board’s Federal Register Notice. If you have any questions regarding the selection process or the duties and responsibilities of CAC members, please contact the Federal Reserve Board.

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