FRB Announces New Community Advisory Council

The Board of Governors of the Federal Reserve System ("FRB") announced the formation of a new advisory council that will be comprised of individuals with consumer- and community development-related expertise.

The Community Advisory Council ("CAC") aims to provide information, advice, and recommendations to the FRB on policy matters and issues of interest. The CAC, which will meet semiannually with the FRB in Washington, D.C., will have fifteen members who will serve staggered three-year terms and will be selected by the FRB through a public nomination process.

See: FRB Press Release.