The Federal Reserve announced the members of its newly created Community Advisory Council (CAC). The fifteen member-CAC is composed of individuals with consumer- and community development-related expertise who will provide information, advice and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest. The CAC members will initially serve one-, two- or three-year staggered terms. New members will be appointed to three-year terms.
The first meeting will be held in Washington, D.C. On November 20, 2015.