The Federal Reserve Board announced on Tuesday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Formed in 2015, the CAC advises the Board on issues affecting consumers and communities.
The CAC is made up of a diverse group of experts and representatives of consumer and community development organizations and interests, including affordable housing, community and workforce development, small business, and asset and wealth building.
CAC members meet semiannually with members of the Board of Governors in Washington, D.C. to provide a range of perspectives on the economic circumstances and financial services needs of consumers and communities, with a focus on the concerns of low- and moderate-income individuals and areas. It complements two of the Board’s other advisory councils–the Federal Advisory Council and the Community Depository Institutions Advisory Council–whose members represent depository institutions.
The Board plans to announce the appointment of CAC members in the fall of 2017. In this application cycle, the Board welcomes applications from all areas of expertise but is keenly interested in gaining perspectives on local labor and workforce developments to complement the national and regional representation on the Council. Additional information about the selection process, including instructions for submitting an application, can be found in the attached Federal Register notice.