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Federal Reserve Board announces new members of Community Advisory Council
On Thursday, October 26, 2017, the Federal Reserve Board issued a press release announcing five new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest. The new members of the CAC, who will replace five departing members, were selected from a pool of individuals who applied to the Board's public call for applications. Each will serve a three-year term beginning in 2018.