The Federal Reserve Board is accepting applications from individuals who want to serve on the Community Advisory Council (CAC). The CAC is made up 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, small business, and asset and wealth building. CAC members 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, monetary policy, financial stability, and regulatory compliance (including the enforcement of consumer protection laws).
If you’d like to be considered for appointment to the CAC, please apply through the online form by June 10. You can also email submissions to CCA-CAC@frb.gov. If electronic or email submission is not feasible, mail your application to the Federal Reserve Board of Governors, Attention: Community Advisory Council, Mail Stop I-305, 20th Street and Constitution Avenue NW, Washington, DC 20551.
Additional information about the selection process, including instructions for submitting an application, can be found in the Board’s Federal Reserve Notice. The Board expects to announce the appointment of new CAC members this fall.