Fed's Community Advisory Council Seeks New Members

The council helps the Fed gather feedback and perspectives on a wide range of policy issues and responsibilities including banking supervision and regulatory compliance, systemic risk oversight and monetary policy decision-making and implementation of the Community Reinvestment Act (CRA).

The council consists of at least 15 members who participate in organizational conference calls and attend two meetings per year, which usually last two days, at the board's Washington, D.C., office. Council members receive a nominal honorarium and are reimbursed for travel expenses.

The new members will replace the six members whose terms expire at the end of the year and will serve three-year terms beginning Jan. 1, 2019.

Advisors interested in serving on the council can apply online, via email sent to [email protected] or by postal mail sent 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.

The board will consider a number of factors, including diversity in terms of expertise, geographic representation and the representation of women and minority groups. Applications are due June 15, and the new counsel members will be announced this fall.