83 FR 16099 - Solicitation of Applications for Membership on the Community Advisory Council

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 72 (April 13, 2018)

Page Range		16099-16100
FR Document		2018-07695

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 83 Issue 72 (Friday, April 13, 2018)

[Federal Register Volume 83, Number 72 (Friday, April 13, 2018)]
[Notices]
[Pages 16099-16100]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-07695]


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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.

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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 between Monday, April 16, 2018 and Friday, 
June 15, 2018 will be considered for selection to the CAC for terms 
beginning January 1, 2019.

ADDRESSES: Individuals who are interested in being considered for the 
CAC may submit an application via the Board's website or via email. The 
application can be accessed at https://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 I-305, 20th Street and 
Constitution Ave. NW, Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: Jennifer Fernandez, 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, or (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

[[Page 16100]]

other publicly available information that it independently obtains.

Council Size and Terms

    The CAC consists of at least 15 members. The Board will select 
members in the fall of 2018 to replace current members whose terms will 
expire on December 31, 2018. The newly appointed members will serve 
three-year terms that will begin on January 1, 2019. 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 
website at https://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 I-305, 20th 
Street and Constitution Ave. NW, Washington, DC 20551.
    Interested parties can view the current Privacy Act Statement at: 
https://www.federalreserve.gov/Secure/CAC/Privacy.
    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] Labor and workforce development
    [cir] Financial technology
    [cir] Household wealth building and financial stability
    [cir] Housing and mortgage finance
    [cir] Rural issues
    [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] Labor and workforce development
    [cir] Financial 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, April 9, 2018.
Ann. Misback,
Secretary of the Board.
[FR Doc. 2018-07695 Filed 4-12-18; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 83, No. 72 / Friday, April 13, 2018 / Notices 16099

Self-testing: Record retention—rules retained a copy of this information as Reserve System, Attn: Community
concerning requests for information part of an examination a bank. Records Advisory Council, Mail Stop I–305, 20th
(disclosure for optional self-test), 3.5 obtained as a part of an examination or Street and Constitution Ave. NW,
hours. supervision of a bank are exempt from Washington, DC 20551.
Estimated annual burden hours: disclosure under FOIA exemption (b)(8), FOR FURTHER INFORMATION CONTACT:
Notifications, 68,976 hours; Furnishing for examination material (5 U.S.C. Jennifer Fernandez, Community
of credit information, 28,740 hours; 552(b)(8)). In addition, the records may Development Analyst, Division of
Record retention (Applications, actions, also be exempt under (b)(4) or (b)(6). Consumer and Community Affairs,
and prescreened solicitations), 7,664 Records would be exempt under (b)(4) Board of Governors of the Federal
hours; Information for monitoring if the records contained ‘‘trade secrets Reserve System, 20th Street and
purposes, 2,874 hours; Rules on and commercial or financial information Constitution Ave. NW, Washington, DC
providing appraisal reports (Providing obtained from a person and privileged 20551, or (202) 452–2412, or CCA-CAC@
appraisal report), 34,488 hours; Self- or confidential’’ and the disclosure of frb.gov. Telecommunications Device for
testing: Record retention—incentives, the information would cause substantial the Deaf (TDD) users may contact (202)
184 hours; Self-testing: Record harm to the competitive position of the 263–4869.
retention—self-correction, 184 hours; respondents (5 U.S.C. 552(b)(4)). SUPPLEMENTARY INFORMATION: The Board
and Self-testing: Record retention—rules Records would be exempt under (b)(6) created the Community Advisory
concerning requests for information if the records contained personal Council (CAC) as an advisory committee
(disclosure for optional self-test), 3,864 information, the disclosure of which
hours. to the Board on issues affecting
would ‘‘constitute a clearly unwarranted consumers and communities. The CAC
General description of report: ECOA invasion of personal privacy’’ (5 U.S.C.
was enacted in 1974 and is is composed of a diverse group of
552(b)(6)). experts and representatives of consumer
implemented by the CFPB’s Regulation
B for institutions the Board supervises.1 Board of Governors of the Federal Reserve and community development
System, April 9, 2018. organizations and interests, including
The ECOA prohibits discrimination in
any aspect of a credit transaction Ann Misback, from such fields as affordable housing,
because of race, color, religion, national Secretary of the Board. community and economic development,
origin, sex, marital status, age (provided [FR Doc. 2018–07668 Filed 4–12–18; 8:45 am] employment and labor, financial
the applicant has the capacity to BILLING CODE 6210–01–P
services and technology, small business,
contract), or other specified bases and asset and wealth building. CAC
(receipt of public assistance, or the fact members meet semiannually with the
that the applicant has in good faith FEDERAL RESERVE SYSTEM members of the Board in Washington,
exercised any right under the Consumer DC to provide a range of perspectives on
Credit Protection Act (15 U.S.C. 1600 et Solicitation of Applications for the economic circumstances and
seq.)). To aid in implementation of this Membership on the Community financial services needs of consumers
prohibition, the statute and regulation Advisory Council and communities, with a particular
subject creditors to various mandatory focus on the concerns of low- and
AGENCY: Board of Governors of the
disclosure requirements, notification moderate-income consumers and
Federal Reserve System.
provisions informing applicants of communities. The CAC complements
ACTION: Notice. two of the Board’s other advisory
action taken on the credit application,
provision of appraisal reports in SUMMARY: The Board of Governors of the councils—the Community Depository
connection with mortgages, credit Federal Reserve System (Board) Institutions Advisory Council (CDIAC)
history reporting, monitoring rules, and established the Community Advisory and the Federal Advisory Council
recordkeeping requirements. These Council (the ‘‘CAC’’) as an advisory (FAC)—whose members represent
requirements are triggered by specific committee to the Board on issues depository institutions.
events and disclosures must be affecting consumers and communities. The CAC serves as a mechanism to
provided within the time periods This Notice advises individuals who gather feedback and perspectives on a
established by the statute and wish to serve as CAC members of the wide range of policy matters and
regulation. opportunity to be considered for the emerging issues of interest to the Board
Legal authorization and CAC. of Governors and aligns with the
confidentiality: The Board’s Legal Federal Reserve’s mission and current
Division has determined that the CFPB DATES: Applications received between responsibilities. These responsibilities
is authorized to issue its Regulation B Monday, April 16, 2018 and Friday, include, but are not limited to, banking
pursuant to its authority to prescribe June 15, 2018 will be considered for supervision and regulatory compliance
regulations to carry out the purposes of selection to the CAC for terms beginning (including the enforcement of consumer
ECOA (15 U.S.C. 1691b). The obligation January 1, 2019. protection laws), systemic risk oversight
to comply with the recordkeeping and ADDRESSES: Individuals who are and monetary policy decision-making,
disclosure requirements of CFPB’s interested in being considered for the and, in conjunction with the Office of
Regulation B is mandatory. Because the CAC may submit an application via the the Comptroller of the Currency (OCC)
recordkeeping and disclosure Board’s website or via email. The and Federal Deposit Insurance
requirements of the CFPB’s Regulation B application can be accessed at https:// Corporation (FDIC), responsibility for
require creditors to retain their own www.federalreserve.gov/secure/CAC/ implementation of the Community
daltland on DSKBBV9HB2PROD with NOTICES

records and to make certain disclosures Application/. Emailed submissions can Reinvestment Act (CRA).
to customers, the Freedom of be sent to CCA-CAC@frb.gov. The This Notice advises individuals of the
Information Act (FOIA) would only be information required for consideration opportunity to be considered for
implicated if the Board’s examiners is described below. appointment to the CAC. To assist with
If electronic submission is not the selection of CAC members, the
1 15 U.S.C. 1691. The CFPB’s Regulation B is feasible, submissions may be mailed to Board will consider the information
located at 12 CFR part 1002. the Board of Governors of the Federal submitted by the candidate along with

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16100 Federal Register / Vol. 83, No. 72 / Friday, April 13, 2018 / Notices

other publicly available information that • Primary Area of Expertise (select Board will consider a number of factors,
it independently obtains. one) * including diversity in terms of subject
Æ Civil rights matter expertise, geographic
Council Size and Terms
Æ Community development finance representation, and the representation of
The CAC consists of at least 15 Æ Community reinvestment and women and minority groups.
members. The Board will select stabilization CAC members must be willing and
members in the fall of 2018 to replace Æ Consumer protection able to make the necessary time
current members whose terms will Æ Economic and small business commitment to participate in
expire on December 31, 2018. The development organizational conference calls and
newly appointed members will serve Æ Labor and workforce development prepare for and attend meetings two
three-year terms that will begin on Æ Financial technology times per year (usually for two days).
January 1, 2019. If a member vacates the Æ Household wealth building and The meetings will be held at the Board’s
CAC before the end of the three-year financial stability offices in Washington, DC The Board
term, a replacement member will be Æ Housing and mortgage finance will provide a nominal honorarium and
appointed to fill the unexpired term. Æ Rural issues will reimburse CAC members only for
Æ Other (please specify) their actual travel expenses subject to
Application
• Secondary Area of Expertise (select Board policy.
Candidates may submit applications one) By order of the Board of Governors of the
by one of three options: Æ Civil rights Federal Reserve System, acting through the
• Online: Complete the application Æ Community development finance Director of the Division of Consumer and
form on the Board’s website at https:// Æ Community reinvestment and Community Affairs under delegated
www.federalreserve.gov/secure/CAC/ stabilization authority, April 9, 2018.
Application/ . Æ Consumer protection Ann. Misback,
• Email: Submit all required Æ Economic and small business Secretary of the Board.
information to CCA–CAC@frb.gov. development [FR Doc. 2018–07695 Filed 4–12–18; 8:45 am]
• Postal Mail: If electronic Æ Labor and workforce development
BILLING CODE 6210–01–P
submission is not feasible, submissions Æ Financial technology
may be mailed to the Board of Æ Household wealth building and
Governors of the Federal Reserve financial stability
System, Attn: Community Advisory Æ Housing and mortgage finance FEDERAL TRADE COMMISSION
Council, Mail Stop I–305, 20th Street Æ Rural issues
and Constitution Ave. NW, Washington, Æ Other (please specify) Granting of Requests for Early
DC 20551. • Resume * Termination of the Waiting Period
Interested parties can view the current Æ The resume should include Under the Premerger Notification
Privacy Act Statement at: https:// information about past and present Rules
www.federalreserve.gov/Secure/CAC/ positions you have held, dates of
Privacy. service for each, and a description Section 7A of the Clayton Act, 15
Below are the application fields. of responsibilities. U.S.C. 18a, as added by Title II of the
Asterisks (*) indicate required fields. • Cover Letter * Hart-Scott-Rodino Antitrust
• Full Name * Æ The cover letter should explain Improvements Act of 1976, requires
• Email Address * why you are interested in serving persons contemplating certain mergers
• Phone Number * on the CAC as well as what you or acquisitions to give the Federal Trade
• Postal Mail Street Address * believe are your primary Commission and the Assistant Attorney
• Postal Mail City * qualifications. General advance notice and to wait
• Postal Zip Code * • Additional Information designated periods before
• Organization * Æ At your option, you may also consummation of such plans. Section
• Title * provide additional information 7A(b)(2) of the Act permits the agencies,
• Organization Type (select one) * about your qualifications. in individual cases, to terminate this
Æ For Profit waiting period prior to its expiration
Qualifications
D Community Development Financial and requires that notice of this action be
Institution (CDFI) The Board is interested in candidates published in the Federal Register.
D Non-CDFI Financial Institution with knowledge of fields such as The following transactions were
D Financial Services affordable housing, community and granted early termination—on the dates
D Professional Services economic development, employment indicated—of the waiting period
D Other and labor, financial services and provided by law and the premerger
Æ Non-Profit technology, small business, and asset notification rules. The listing for each
D Advocacy and wealth building, with a particular transaction includes the transaction
D Association focus on the concerns of low- and number and the parties to the
D Community Development Financial moderate-income consumers and transaction. The grants were made by
Institution (CDFI) communities. Candidates do not have to the Federal Trade Commission and the
D Educational Institution be experts on all topics related to Assistant Attorney General for the
D Foundation consumer financial services or Antitrust Division of the Department of
daltland on DSKBBV9HB2PROD with NOTICES

D Service Provider community development, but they Justice. Neither agency intends to take
D Think Tank/Policy Organization should possess some basic knowledge of any action with respect to these
D Other these areas and related issues. In proposed acquisitions during the
Æ Government appointing members to the CAC, the applicable waiting period.

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Document Created: 2018-04-13 00:17:53
Document Modified: 2018-04-13 00:17:53

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 between Monday, April 16, 2018 and Friday, June 15, 2018 will be considered for selection to the CAC for terms beginning January 1, 2019.
Contact		Jennifer Fernandez, 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, or (202) 452-2412, or CCA- [email protected] Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869.
FR Citation		83 FR 16099