The Federal Reserve Board is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The deadline for submitting applications is July 11, 2016, at 11:59 PM ET.
The CAC advises the Board on issues affecting consumers and communities and 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, banking supervision and regulatory compliance (including the enforcement of consumer protection laws), systemic risk oversight and monetary policy decisionmaking, 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).
Additional information, including a link to the application, can be found at www.federalreserve.gov/aboutthefed/cac.htm.
The Delta Regional Authority has launched the 2016 application cycle for $20 million of investments through its States’ Economic Development Assistance Program (SEDAP) and a new funding program, the Community Infrastructure Fund (CIF), to better support the local infrastructure, workforce and small businesses of Delta communities. The application cycle is open through August 31. Organizations and communities interested in applying can learn more and begin their application at www.dra.gov/sedap.
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FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.