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Federal Reserve Bank OF DALLAS W ILLIAM H. WALLACE FIRST V IC E PR ES ID ENT DALLAS, TE X A S 75222 AND CH IE F O PER ATING O FFIC ER June 9, 1988 Circular 88-36 TO: The Chief Executive Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT Request for nominations to the Consumer Advisory Council DETAILS The Federal Reserve Board of Governors has announced that it is seeking nominations of qualified individuals for 12 appointments to its Consumer Advisory Council. The council was established by the Congress in 1976, at the suggestion of the Board, to advise the Board on consumer-related matters undertaken as a result of its duties under the Consumer Credit Protection Act. The council meets three times a year. Nominations should include the name, address and telephone number of the nominee, past and present positions held, and special knowledge, interest or experience related to consumer credit or other consumer financial services. Nominations should be submitted in writing to: Dolores S. Smith Assistant Director Division of Consumer and Community Affairs Board of Governors of the Federal Reserve System Washington, D.C. 20551 All nominations should be submitted by August 31, 1988. ATTACHMENTS The Board's notice, including the names, affiliations and terms of office of the current council members, is attached. Sincerely yours For a dditional copies of any circular please c ontact the Public Affairs D ep artm en t at (214) 6 5 1 -6 2 89 . Banks and others are encouraged to use the follow ing incom ing W A TS numbers in conta c ting this Bank (800) 4 4 2 -7 1 4 0 (in trastate) and (800) 5 2 7 -9 2 0 0 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL RESERVE SYSTEM Consumer Advisory Council Solicitation of Nominations for Membership AGENCY: Board of Governors of the Federal Reserve System. ACTION: Solicitation of nominations for membership on the Board's Consumer Advisory Council. SUMMARY: The Board is asking the public to nominate qualified individuals for appointment to its Consumer Advisory Council, which is comprised of representatives both of consumer and community interests and of the financial services industry. Twelve new members will be selected for three-year terms that will begin in January 1989. It is contemplated that the Board will announce its selection of new members by year-end. DATE: Nominations should be received by August 31, 1988. ADDRESS: Nominations should be submitted in writing to Dolores S. Smith, Assistant Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. 20551. This information about nominees is available for inspection upon request, except as provided in the Board's Rules Regarding Availability of Information (12 C.F.R. 262.6(a)). FOR FURTHER INFORMATION CONTACT: Bedelia Calhoun, Staff Specialist, Division of Consumer and Community Affairs, (202) 452-2412; or for Telecommunications Device for the Deaf (TDD) users only. Earnestine Hill or Dorothea Thompson (202) 452-3544; - 2 - Board of Governors of the Federal Reserve System, Washington, D.C. 20551. SUPPLEMENTARY INFORMATION: The Consumer Advisory Council was established in 1976 at the direction of Congress to advise the Federal Reserve Board on the exercise of its duties under the Consumer Credit Protection Act and on other consumer related matters. The Council by law represents the interests both of consumers and of the financial community. Members serve three-year terms that are staggered to provide the Council with continuity. Twelve new members will be selected this year for terms beginning January 1, 1989, to replace members whose terms expire this year. Nominations should include the address and telephone number of the nominee, information about past and present positions held, and a description of special knowledge, interests or experience related to consumer credit or other consumer financial services. Persons may nominate themselves as well as other candidates. The Board is interested in candidates who are willing to express their viewpoints and who have some familiarity with consumer financial services. Candidates do not have to be experts on all levels of consumer financial services, but they should possess some basic knowledge of the area. In addition, they should be able to make the necessary time commitment to prepare for and attend meetings (usually two to three days long) three times a year and to take part in committee work. - 3 - In making the appointments, the Board will seek to complement the qualifications of continuing Council members in terms of affiliation and geographic representation, and to ensure the representation of women and minority groups. The Board expects to announce its selection of new members by year-end. The Council meets in Washington, D.C. Council members receive $100 per day for participating in meetings and for travel time. The Board also pays travel expenses. The names and affiliations of current Council members (and the expiration date of each term of office) are listed below: CHAIRMAN Steven W. Hamm Administrator South Carolina Department of Consumer Affairs Columbia, South Carolina December 31, 1988 Stephen Brobeck Executive Director Consumer Federation of America Washington, D.C. December 31, 1990 VICE CHAIRMAN Edwin B. Brooks, Jr. President Security Federal Savings and Loan Association Richmond, Virginia December 31, 1988 Edward J. Williams Senior Vice President Consumer Banking Group Harris Trust and Savings Bank Chicago, Illinois December 31, 1988 MEMBERS Naomi G. Albanese Former Professor of Home Economics University of North Carolina Greensboro, North Carolina December 31, 1990 Judith N. Brown Treasurer American Association of Retired Persons Edina, Minnesota December 31, 1989 Michael S. Cassidy Vice President Chase Manhattan Bank, N.A. New York, New York December 31, 1988 - Betty Tom Chu Chairman Trust Savings Bank Arcadia, California December 31, 1990 Jerry D. Craft Executive Vice President First National Bank of Atlanta Atlanta, Georgia December 31, 1990 Donald C. Day President New England Securities Corp. Boston, Massachusetts December 31, 1990 Richard B. Doby Financial Services Consultant Denver, Colorado December 31, 1989 Richard H. Fink President Citizens for a Sound Economy Washington, D.C. December 31, 1989 Neil J. Fogarty Attorney Hudson County Legal Services Jersey City, New Jersey December 31, 1988 Stephen Gardner Assistant Attorney General Consumer Protection Division State of Texas Dallas, Texas December 31, 1989 Kenneth A. Hall President, South Division First United Bank Picayune, Mississippi December 31, 1988 Elena Hanggi Director Institute for Social Justice Little Rock, Arkansas December 31, 1989 4 - Robert A. Hess President and General Manager Wright Patman Congressional Federal Credit Union Washington, D.C. December 31, 1990 Robert J. Hobbs Deputy Director National Consumer Law Center Boston, Massachusetts December 31, 1988 Ramon W. Johnson Professor of Finance College of Business and Graduate School of Business University of Utah Salt Lake City, Utah December 31, 1989 Robert W. Johnson Professor of Management and Director, Credit Research Center Purdue University West Lafayette, Indiana December 31, 1988 A. J. King Chairman Valley Bank of Kalispell Kalispell, Montana December 31, 1990 John M. Kolesar President Ameritrust Development Bank Cleveland, Ohio December 31, 1988 Alan B. Lerner Senior Executive Vice President Associates Corporation of North America Dallas, Texas December 31, 1988 - Richard L. D. Morse Professor of Family Economics Kansas State University Manhattan, Kansas December 31, 1989 William E. Odom Chairman of the Board Ford Motor Credit Company Dearborn, Michigan December 31, 1990 Sandra R. Parker Chairman, Banking Committee Richmond United Neighborhoods Richmond, Virginia December 31, 1988 Sandra Phillips Executive Director Oakland Planning and Development Corporation Pittsburgh, Pennsylvania December 31, 1990 5 - Jane Shull Director Institute for the Study of Civic Values Philadelphia, Pennsyvania December 31, 1988 Ralph E. Spurgin President and Chief Executive Officer Limited Credit Services, Inc. Columbus, Ohio December 31, 1990 Lawrence Winthrop President Consumer Credit Counseling Service of Oregon, Inc. Portland, Oregon December 31, 1990 Board of Governors of the Federal Reserve System, May 27, 1988. _____ (signed) James McAfee______ James McAfee Associate Secretary of the Board
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