81 FR 28868 - Solicitation of Applications for Membership on the Community Advisory Council

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 90 (May 10, 2016)

Page Range		28868-28869
FR Document		2016-10945

The Board of Governors of the Federal Reserve System (Board) established the Community Advisory Council (the ``CAC'') as an advisory committee to the Board on issues affecting consumers and communities. This Notice advises individuals who wish to serve as CAC members of the opportunity to be considered for the CAC.

Federal Register, Volume 81 Issue 90 (Tuesday, May 10, 2016)

[Federal Register Volume 81, Number 90 (Tuesday, May 10, 2016)]
[Notices]
[Pages 28868-28869]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-10945]


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FEDERAL RESERVE SYSTEM


Solicitation of Applications for Membership on the Community 
Advisory Council

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
established the Community Advisory Council (the ``CAC'') as an advisory 
committee to the Board on issues affecting consumers and communities. 
This Notice advises individuals who wish to serve as CAC members of the 
opportunity to be considered for the CAC.

DATES: Applications received on or before July 11, 2016 will be 
considered for selection to the CAC for terms beginning January 1, 
2017.

ADDRESSES: Individuals who are interested in being considered for the 
CAC may submit an application via the Board's Web site or via email. 
The application can be accessed at http://www.federalreserve.gov/secure/CAC/Application/. Emailed submissions can be sent to [email protected]. The information required for consideration is described 
below.
    If electronic submission is not feasible, submissions may be mailed 
to the Board of Governors of the Federal Reserve System, Attn: 
Community Advisory Council, Mail Stop N-805, 20th Street and 
Constitution Ave. NW., Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: Andrew Dumont, Senior Community 
Development Analyst, Division of Consumer and Community Affairs, Board 
of Governors of the Federal Reserve System, 20th Street and 
Constitution Ave. NW., Washington, DC 20551, (202) 452-2412, or [email protected]. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869.

SUPPLEMENTARY INFORMATION: The Board created the Community Advisory 
Council (CAC) as an advisory committee to the Board on issues affecting 
consumers and communities. The CAC is composed 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, employment and labor, 
financial services and technology, small business, and asset and wealth 
building. CAC members meet semiannually with the members of the Board 
in Washington, DC to 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, banking supervision and regulatory compliance 
(including the enforcement of consumer protection laws), systemic risk 
oversight and monetary policy decision-making, 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).
    This Notice advises individuals of the opportunity to be considered 
for appointment to the CAC. To assist with the selection of CAC 
members, the Board will consider the information submitted by the 
candidate along with other publicly available information that it 
independently obtains.

Council Size and Terms

    The CAC consists of at least 15 members. The Board will select four 
members in the fall of 2016 to replace current members whose terms will 
expire on December 31, 2016. The newly appointed members will serve 
three-year terms that will begin on January 1, 2017. If a member 
vacates the CAC before the end of the three-year term, a replacement 
member will be appointed to fill the unexpired term.

Application

    Candidates may submit applications by one of three options:
     Online: Complete the application form on the Board's Web 
site at http://www.federalreserve.gov/secure/CAC/Application/ .
     Email: Submit all required information to [email protected].
     Postal Mail: If electronic submission is not feasible, 
submissions may be mailed to the Board of Governors of the Federal 
Reserve System, Attn: Community Advisory Council, Mail Stop N-805, 20th 
Street and Constitution Ave. NW., Washington, DC 20551.
    Below are the application fields. Asterisks (*) indicate required 
fields.

 Full Name*
 Email Address*
 Phone Number*
 Postal Mail Street Address*
 Postal Mail City*
 Postal Zip Code*
 Organization*
 Title*
 Organization Type (select one)*
[cir] For Profit
    [ssquf] Community Development Financial Institution (CDFI)
    [ssquf] Non-CDFI Financial Institution
    [ssquf] Financial Services
    [ssquf] Professional Services
    [ssquf] Other
[cir] Non-Profit
    [ssquf] Advocacy
    [ssquf] Association
    [ssquf] Community Development Financial Institution (CDFI)
    [ssquf] Educational Institution
    [ssquf] Foundation
    [ssquf] Service Provider
    [ssquf] Think Tank/Policy Organization
    [ssquf] Other
[cir] Government
 Primary Area of Expertise (select one)*
[cir] Civil rights
[cir] Community development finance
[cir] Community reinvestment and stabilization
[cir] Consumer protection
[cir] Economic and small business development
[cir] Employment and labor
[cir] Financial services and technology
[cir] Household wealth building and financial stability
[cir] Housing and mortgage finance
[cir] Rural issues

[[Page 28869]]

[cir] Other (please specify)
 Secondary Area of Expertise (select one)
[cir] Civil rights
[cir] Community development finance
[cir] Community reinvestment and stabilization
[cir] Consumer protection
[cir] Economic and small business development
[cir] Employment and labor
[cir] Financial services and technology
[cir] Household wealth building and financial stability
[cir] Housing and mortgage finance
[cir] Rural issues
[cir] Other (please specify)
 Resume*
[cir] The resume should include information about past and present 
positions you have held, dates of service for each, and a description 
of responsibilities.
 Cover Letter*
[cir] The cover letter should explain why you are interested in serving 
on the CAC as well as what you believe are your primary qualifications.
 Additional Information
[cir] At your option, you may also provide additional information about 
your qualifications.

Qualifications

    The Board is interested in candidates with knowledge of fields such 
as affordable housing, community and economic development, employment 
and labor, financial services and technology, small business, and asset 
and wealth building, with a particular focus on the concerns of low- 
and moderate-income consumers and communities. Candidates do not have 
to be experts on all topics related to consumer financial services or 
community development, but they should possess some basic knowledge of 
these areas and related issues. In appointing members to the CAC, the 
Board will consider a number of factors, including diversity in terms 
of subject matter expertise, geographic representation, and the 
representation of women and minority groups.
    CAC members must be willing and able to make the necessary time 
commitment to participate in organizational conference calls and 
prepare for and attend meetings two times per year (usually for two 
days). The meetings will be held at the Board's offices in Washington, 
DC. The Board will provide a nominal honorarium and will reimburse CAC 
members only for their actual travel expenses subject to Board policy.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Director of the Division of Consumer and 
Community Affairs under delegated authority, May 4, 2016.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2016-10945 Filed 5-9-16; 8:45 am]
 BILLING CODE 6210-01-P

28868 Federal Register / Vol. 81, No. 90 / Tuesday, May 10, 2016 / Notices

arrangements. Written statements may Consumer and Community Affairs, expire on December 31, 2016. The
be filed with the committee before or Board of Governors of the Federal newly appointed members will serve
after the meeting. This ComE–IN Reserve System, 20th Street and three-year terms that will begin on
meeting will be Webcast live via the Constitution Ave. NW., Washington, DC January 1, 2017. If a member vacates the
Internet at: https://fdic.primetime.media 20551, (202) 452–2412, or CCA–CAC@ CAC before the end of the three-year
platform.com/#/channel/138429922 frb.gov. Telecommunications Device for term, a replacement member will be
9422/Advisory+Committee+on+ the Deaf (TDD) users may contact (202) appointed to fill the unexpired term.
Economic+Inclusion. Questions or 263–4869.
Application
troubleshooting help can be found at the SUPPLEMENTARY INFORMATION: The Board
same link. For optimal viewing, a high created the Community Advisory Candidates may submit applications
speed internet connection is Council (CAC) as an advisory committee by one of three options:
recommended. The ComE–IN meeting to the Board on issues affecting • Online: Complete the application
videos are made available on-demand consumers and communities. The CAC form on the Board’s Web site at http://
approximately two weeks after the is composed of a diverse group of www.federalreserve.gov/secure/CAC/
event. experts and representatives of consumer Application/ .
and community development • Email: Submit all required
Dated: May 5, 2016.
organizations and interests, including information to CCA–CAC@frb.gov.
Federal Deposit Insurance Corporation.
from such fields as affordable housing, • Postal Mail: If electronic
Robert E. Feldman, submission is not feasible, submissions
community and economic development,
Executive Secretary, Federal Deposit may be mailed to the Board of
employment and labor, financial
Insurance Corporation. Governors of the Federal Reserve
services and technology, small business,
[FR Doc. 2016–10947 Filed 5–9–16; 8:45 am] System, Attn: Community Advisory
and asset and wealth building. CAC
BILLING CODE 6714–01–P
members meet semiannually with the Council, Mail Stop N–805, 20th Street
members of the Board in Washington, and Constitution Ave. NW.,
DC to provide a range of perspectives on Washington, DC 20551.
FEDERAL RESERVE SYSTEM the economic circumstances and Below are the application fields.
financial services needs of consumers Asterisks (*) indicate required fields.
Solicitation of Applications for and communities, with a particular • Full Name*
Membership on the Community focus on the concerns of low- and • Email Address*
Advisory Council moderate-income consumers and • Phone Number*
AGENCY: Board of Governors of the communities. The CAC complements • Postal Mail Street Address*
Federal Reserve System. two of the Board’s other advisory • Postal Mail City*
ACTION: Notice. councils—the Community Depository • Postal Zip Code*
Institutions Advisory Council (CDIAC) • Organization*
SUMMARY: The Board of Governors of the and the Federal Advisory Council • Title*
Federal Reserve System (Board) (FAC)—whose members represent • Organization Type (select one)*
established the Community Advisory depository institutions. Æ For Profit
Council (the ‘‘CAC’’) as an advisory The CAC serves as a mechanism to D Community Development Financial
committee to the Board on issues gather feedback and perspectives on a Institution (CDFI)
affecting consumers and communities. wide range of policy matters and D Non-CDFI Financial Institution
This Notice advises individuals who emerging issues of interest to the Board D Financial Services
wish to serve as CAC members of the of Governors and aligns with the D Professional Services
opportunity to be considered for the Federal Reserve’s mission and current D Other
CAC. responsibilities. These responsibilities Æ Non-Profit
include, but are not limited to, banking D Advocacy
DATES: Applications received on or
supervision and regulatory compliance D Association
before July 11, 2016 will be considered
(including the enforcement of consumer D Community Development Financial
for selection to the CAC for terms
protection laws), systemic risk oversight Institution (CDFI)
beginning January 1, 2017.
and monetary policy decision-making, D Educational Institution
ADDRESSES: Individuals who are D Foundation
and, in conjunction with the Office of
interested in being considered for the the Comptroller of the Currency (OCC) D Service Provider
CAC may submit an application via the and Federal Deposit Insurance D Think Tank/Policy Organization
Board’s Web site or via email. The Corporation (FDIC), responsibility for D Other
application can be accessed at http:// implementation of the Community Æ Government
www.federalreserve.gov/secure/CAC/ Reinvestment Act (CRA). • Primary Area of Expertise (select
Application/. Emailed submissions can This Notice advises individuals of the one)*
be sent to CCA–CAC@frb.gov. The opportunity to be considered for Æ Civil rights
information required for consideration appointment to the CAC. To assist with Æ Community development finance
is described below. the selection of CAC members, the Æ Community reinvestment and
If electronic submission is not Board will consider the information stabilization
feasible, submissions may be mailed to
asabaliauskas on DSK3SPTVN1PROD with NOTICES

submitted by the candidate along with Æ Consumer protection
the Board of Governors of the Federal other publicly available information that Æ Economic and small business
Reserve System, Attn: Community it independently obtains. development
Advisory Council, Mail Stop N–805, Æ Employment and labor
20th Street and Constitution Ave. NW., Council Size and Terms Æ Financial services and technology
Washington, DC 20551. The CAC consists of at least 15 Æ Household wealth building and
FOR FURTHER INFORMATION CONTACT: members. The Board will select four financial stability
Andrew Dumont, Senior Community members in the fall of 2016 to replace Æ Housing and mortgage finance
Development Analyst, Division of current members whose terms will Æ Rural issues

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Federal Register / Vol. 81, No. 90 / Tuesday, May 10, 2016 / Notices 28869

Æ Other (please specify) Director of the Division of Consumer and Board of Governors of the Federal Reserve
• Secondary Area of Expertise (select Community Affairs under delegated System, May 5, 2016.
one) authority, May 4, 2016. Michael J. Lewandowski,
Æ Civil rights Margaret M. Shanks, Associate Secretary of the Board.
Æ Community development finance Deputy Secretary of the Board. [FR Doc. 2016–10982 Filed 5–9–16; 8:45 am]
Æ Community reinvestment and [FR Doc. 2016–10945 Filed 5–9–16; 8:45 am] BILLING CODE 6210–01–P
stabilization BILLING CODE 6210–01–P
Æ Consumer protection
Æ Economic and small business
development FEDERAL TRADE COMMISSION
FEDERAL RESERVE SYSTEM
Æ Employment and labor Agency Information Collection
Æ Financial services and technology Formations of, Acquisitions by, and Activities; Submission for OMB
Æ Household wealth building and Mergers of Bank Holding Companies Review; Comment Request
financial stability
Æ Housing and mortgage finance The companies listed in this notice AGENCY: Federal Trade Commission
Æ Rural issues have applied to the Board for approval, (‘‘Commission’’ or ‘‘FTC’’).
Æ Other (please specify) pursuant to the Bank Holding Company
ACTION: Notice.
• Resume* Act of 1956 (12 U.S.C. 1841 et seq.)
Æ The resume should include (BHC Act), Regulation Y (12 CFR part SUMMARY: The information collection
information about past and present 225), and all other applicable statutes requirements described below will be
positions you have held, dates of and regulations to become a bank submitted to the Office of Management
service for each, and a description of holding company and/or to acquire the and Budget (‘‘OMB’’) for review, as
responsibilities. assets or the ownership of, control of, or required by the Paperwork Reduction
• Cover Letter* the power to vote shares of a bank or Act (‘‘PRA’’). The FTC seeks public
Æ The cover letter should explain why bank holding company and all of the comments on its proposal to extend for
you are interested in serving on the banks and nonbanking companies an additional three years the current
CAC as well as what you believe are owned by the bank holding company, PRA clearance for information
your primary qualifications. including the companies listed below. collection requirements contained in its
• Additional Information The applications listed below, as well regulation ‘‘Duties of Furnishers of
Æ At your option, you may also provide as other related filings required by the Information to Consumer Reporting
additional information about your Board, are available for immediate Agencies’’ (‘‘Information Furnishers
qualifications. inspection at the Federal Reserve Bank Rule’’), which applies to certain motor
Qualifications indicated. The applications will also be vehicle dealers, and its shared
available for inspection at the offices of enforcement with the Consumer
The Board is interested in candidates the Board of Governors. Interested
with knowledge of fields such as Financial Protection Bureau (‘‘CFPB’’) of
persons may express their views in the furnisher provisions (subpart E) of
affordable housing, community and writing on the standards enumerated in
economic development, employment the CFPB’s Regulation V regarding other
the BHC Act (12 U.S.C. 1842(c)). If the entities. That clearance expires on
and labor, financial services and proposal also involves the acquisition of
technology, small business, and asset August 31, 2016.
a nonbanking company, the review also
and wealth building, with a particular DATES: Comments must be submitted on
includes whether the acquisition of the
focus on the concerns of low- and or before June 9, 2016.
nonbanking company complies with the
moderate-income consumers and standards in section 4 of the BHC Act ADDRESSES: Interested parties may file a
communities. Candidates do not have to (12 U.S.C. 1843). Unless otherwise comment online or on paper, by
be experts on all topics related to noted, nonbanking activities will be following the instructions in the
consumer financial services or conducted throughout the United States. Request for Comment part of the
community development, but they Unless otherwise noted, comments SUPPLEMENTARY INFORMATION section
should possess some basic knowledge of regarding each of these applications below. Write ‘‘Information Furnishers
these areas and related issues. In must be received at the Reserve Bank Rule, PRA Comment, P135407,’’ on your
appointing members to the CAC, the indicated or the offices of the Board of comment and file your comment online
Board will consider a number of factors, Governors not later than June 6, 2016. at https://ftcpublic.commentworks.com/
including diversity in terms of subject A. Federal Reserve Bank of ftc/infofurnishersrulepra2, by following
matter expertise, geographic Minneapolis (Jacquelyn K. Brunmeier, the instructions on the web-based form.
representation, and the representation of Assistant Vice President) 90 Hennepin If you prefer to file your comment on
women and minority groups. Avenue, Minneapolis, Minnesota paper, mail your comment to the
CAC members must be willing and 55480–0291: following address: Federal Trade
able to make the necessary time 1. Peoples Equity Corporation, Wells, Commission, Office of the Secretary,
commitment to participate in Minnesota; to acquire 100 percent of 600 Pennsylvania Avenue NW., Suite
organizational conference calls and Paragon Bank, Wells, Minnesota. CC–5610 (Annex J), Washington, DC
prepare for and attend meetings two B. Federal Reserve Bank of Kansas 20580, or deliver your comment to the
times per year (usually for two days). City (Dennis Denney, Assistant Vice following address: Federal Trade
asabaliauskas on DSK3SPTVN1PROD with NOTICES

The meetings will be held at the Board’s President) 1 Memorial Drive, Kansas Commission, Office of the Secretary,
offices in Washington, DC. The Board City, Missouri 64198–0001: Constitution Center, 400 7th Street SW.,
will provide a nominal honorarium and 1. First Gothenburg Bancshares, Inc., 5th Floor, Suite 5610 (Annex J),
will reimburse CAC members only for Gothenburg, Nebraska; to acquire 100 Washington, DC 20024.
their actual travel expenses subject to percent of the voting shares of Nebanco, FOR FURTHER INFORMATION CONTACT:
Board policy. Inc., Wallace, Nebraska, and thereby Monique Einhorn, Attorney, Division of
By order of the Board of Governors of the indirectly acquire Farmers State Bank, Privacy and Identity Protection, Bureau
Federal Reserve System, acting through the Wallace, Nebraska. of Consumer Protection, (202) 326–

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Document Created: 2016-05-10 05:18:53
Document Modified: 2016-05-10 05:18:53

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Applications received on or before July 11, 2016 will be considered for selection to the CAC for terms beginning January 1, 2017.
Contact		Andrew Dumont, Senior Community Development Analyst, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, 20th Street and Constitution Ave. NW., Washington, DC 20551, (202) 452-2412, or CCA- [email protected] Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869.
FR Citation		81 FR 28868