[Federal Register Volume 87, Number 64 (Monday, April 4, 2022)]
[Notices]
[Pages 19513-19514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06958]


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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 of solicitation of applications.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
established the Community Advisory Council (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 11, 2022 and Friday, 
June 10, 2022 will be considered for selection to the CAC for terms 
beginning January 1, 2023.

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: Ellie Dries, 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]. For users 
of TTY-TRS, please call 711 from any telephone, anywhere in the United 
States.

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)

[[Page 19514]]

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 2022 to replace current members whose terms will 
expire on December 31, 2022. The newly appointed members will serve 
three-year terms that will begin on January 1, 2023. 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: 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
    [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 E. Misback,
Secretary of the Board.
[FR Doc. 2022-06958 Filed 4-1-22; 8:45 am]
BILLING CODE 6210-01-P