Solicitation of Applications for Membership on the Community Advisory Council
| Citation | 86 FR 18982 |
| Record Number | 2021-06906 |
| Published date | 12 April 2021 |
| Section | Notices |
| Court | Federal Reserve System |
Federal Register, Volume 86 Issue 68 (Monday, April 12, 2021)
[Federal Register Volume 86, Number 68 (Monday, April 12, 2021)]
[Notices]
[Pages 18982-18983]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06906]
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FEDERAL RESERVE SYSTEM
Solicitation of Applications for Membership on the Community
Advisory Council
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
established the Community Advisory Council (the ``CAC'') as an advisory
committee to the Board on issues affecting consumers and communities.
This Notice advises individuals who wish to serve as CAC members of the
opportunity to be considered for the CAC.
DATES: Applications received between Monday, April 12, 2021 and Friday,
June 11, 2021 will be considered for selection to the CAC for terms
beginning January 1, 2022.
ADDRESSES: Individuals who are interested in being considered for the
CAC may submit an application via the Board's website or via email. The
application can be accessed at https://www.federalreserve.gov/secure/CAC/Application/. Emailed submissions can be sent to [email protected].
The information required for consideration is described below.
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 I-305, 20th Street and
Constitution Ave. NW, Washington, DC 20551.
FOR FURTHER INFORMATION CONTACT: Jennifer Fernandez, Community
Development Analyst, Division of Consumer and Community Affairs, Board
of Governors of the Federal Reserve System, 20th Street and
Constitution Ave. NW, Washington, DC 20551, or (202) 452-2412, or [email protected]. Telecommunications Device for the Deaf (TDD) users may
contact (202) 263-4869.
SUPPLEMENTARY INFORMATION: The Board created the Community Advisory
Council (CAC) as an advisory committee to the Board on issues affecting
consumers and communities. The CAC is composed of 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, employment and labor,
financial services and technology, small business, and asset and wealth
building. CAC members meet semiannually with the members of the Board
in Washington, DC to 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 complements 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.
The CAC serves as a mechanism to gather feedback and perspectives
on a wide range of policy matters and emerging issues of interest to
the Board of Governors and aligns with the Federal Reserve's mission
and current responsibilities. These responsibilities include, but are
not limited to, banking supervision and regulatory compliance
(including the enforcement of consumer protection laws), systemic risk
oversight and monetary policy decision-making, and, in conjunction with
the Office of the Comptroller of the Currency (OCC) and Federal Deposit
Insurance Corporation (FDIC), responsibility for implementation of the
Community Reinvestment Act (CRA).
This Notice advises individuals of the opportunity to be considered
for appointment to the CAC. To assist with the selection of CAC
members, the Board will consider the information submitted by the
candidate along with other publicly available information that it
independently obtains.
Council Size and Terms
The CAC consists of at least 15 members. The Board will select
members in the fall of 2021 to replace current members whose terms will
expire on December 31, 2021. The newly appointed members will serve
three-year terms that will begin on January 1, 2022. If a member
vacates the CAC before the end of the three-year term, a replacement
member will be appointed to fill the unexpired term.
Application
Candidates may submit applications by one of three options:
Online: Complete the application form on the Board's
website at https://www.federalreserve.gov/secure/CAC/Application/ .
Email: Submit all required information to [email protected].
Postal Mail: 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 I-305, 20th
Street and Constitution Ave. NW, Washington, DC 20551.
Interested parties can view the current Privacy Act Statement at:
https://www.federalreserve.gov/aboutthefed/cac-privacy.htm
Below are the application fields. Asterisks (*) indicate required
fields.
First and Last Name*
Email Address*
Phone Number*
Postal Mail Street Address*
Postal Mail City*
Postal Mail State, Territory, or Federal District*
Postal Zip Code*
Organization*
Title*
Organization Type (select one)*
[cir] For Profit
[ssquf] Community Development Financial Institution (CDFI)
[ssquf] Non-CDFI Financial Institution
[ssquf] Financial Services
[ssquf] Professional Services
[ssquf] Other
[cir] Non-Profit
[ssquf] Advocacy
[ssquf] Association
[ssquf] Community Development Financial Institution (CDFI)
[ssquf] Educational Institution
[ssquf] Foundation
[ssquf] Service Provider
[ssquf] Think Tank/Policy Organization
[ssquf] Other
[cir] Government
Primary Area of Expertise (select one)*
[cir] Civil rights
[cir] Community development finance
[cir] Community reinvestment and stabilization
[cir] Consumer protection
[cir] Economic and small business development
[[Page 18983]]
[cir] Labor and workforce development
[cir] Financial technology
[cir] Household wealth building and financial stability
[cir] Housing and mortgage finance
[cir] Rural issues
[cir] Other (please specify)
Secondary Area of Expertise (select one)
[cir] Civil rights
[cir] Community development finance
[cir] Community reinvestment and stabilization
[cir] Consumer protection
[cir] Economic and small business development
[cir] Labor and workforce development
[cir] Financial technology
[cir] Household wealth building and financial stability
[cir] Housing and mortgage finance
[cir] Rural issues
[cir] Other (please specify)
Resume*
[cir] The resume should include information about past and present
positions you have held, dates of service for each, and a description
of responsibilities.
Cover Letter*
[cir] The cover letter should explain why you are interested in
serving on the CAC as well as what you believe are your primary
qualifications.
Additional Information
[cir] At your option, you may also provide additional information
about your qualifications.
Qualifications
The Board is interested in candidates with knowledge of fields such
as affordable housing, community and economic development, employment
and labor, financial services and technology, small business, and asset
and wealth building, with a particular focus on the concerns of low-
and moderate-income consumers and communities. Candidates do not have
to be experts on all topics related to consumer financial services or
community development, but they should possess some basic knowledge of
these areas and related issues. In appointing members to the CAC, the
Board will consider a number of factors, including diversity in terms
of subject matter expertise, geographic representation, and the
representation of women and minority groups.
CAC members must be willing and able to make the necessary time
commitment to participate in organizational conference calls and
prepare for and attend meetings two times per year (usually for two
days). The meetings will be held at the Board's offices in Washington,
DC The Board will provide a nominal honorarium and will reimburse CAC
members only for their actual travel expenses subject to Board policy.
By order of the Board of Governors of the Federal Reserve
System, acting through the Director of the Division of Consumer and
Community Affairs under delegated authority.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-06906 Filed 4-9-21; 8:45 am]
BILLING CODE 6210-01-P
