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FEDERAL RESERVE BANK OF NEW YORK July 20, 1990 CONSUMER ADVISORY COUNCIL Request for Nominations To the Chief Executive Officers of All Depository Institutions in the Second Federal Reserve District, and Others Concerned: The Board of Governors of the Federal Reserve System is seeking nominations for nine appointments to its Consumer Advisory Council. In this regard, the following statement was issued by the Board of Governors: The Federal Reserve Board has announced it is seeking nominations of qualified individuals for nine appointments to its Consumer Advisory Council, to replace members whose terms expire on December 31, 1990. Nominations should be received by August 31, 1990. The Consumer Advisory Council was established by Congress in 1976, at the suggestion of the Board, to advise the Board on the exercise of its duties under the Consumer Credit Protection Act and on other consumer-related matters. The 30-member Council, with staggered three-year terms of office, 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, interests 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. Nominations should be submitted by August 31, 1990, and may be sent directly to the Board of Governors, as specified in the Board’s notice, or to our Compliance Examinations Department. Printed on the following pages is the text of the Board’s notice, which has been submitted for pub lication in the F ed era l R e g iste r, the notice includes the names and affiliations of the current members of the Consumer Advisory Council. E. G erald C o r r ig a n , P resid en t. c ( 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. Nine new members will be selected for three-year terms that will begin in January 1991. The Board expects to announce the selection of new members by year-end 1990. DATE: Nominations should be received by August 31, 1990. 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. Information about nominees will be available for inspection upon request. FOR FURTHER INFORMATION CONTACT: Bedelia Calhoun, Staff Specialist, Division of Consumer and Community Affairs, (202) 452-2412; or for Telecommunications Device for the Deaf 3 (TDD) users only. La.rn9 sti.ne Hill or Dorothea Thompson (202) 452-3544; 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. N e w members will be se l e c t e d this year for terms b e g i n n i n g Ja n u a r y 1, 1991, expire this year. to r e p l a c e m e m bers w h o s e terms N o m i n a t i o n s s h o u l d include the address and telephone n u mber o f the n o m i n e e t information about past a n d p r esent pos i t i o n s h e l d , a n d a d e s c r i p t i o n o f special k n o w l e d g e t interests or expe r i e n c e r e l a t e d to c o n s u m e r credit or o t her c o n sumer financial s e r v i c e s . Persons ma y nominate themselves as well as other c a n d i d a t e s . 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 4 prepare for and attend meetings (usually two days long including committee meetings) three times a year. 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's meetings are held 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: Members whose terms expire in 1990 William E. Odom Chairman and Chief Executive Officer Ford Motor Credit Company Dearborn, Michigan Betty Tom Chu Chairman Trust Savings Bank Arcadia, California December 1990 December 1990 Jerry D. Craft Senior Vice President First National Bank of Atlanta Atlanta, Georgia December 1990 5 Donald C. Day President New England Securities Corp. Boston, Massachusetts December 1990 Robert A. Hess President Wright Patman Congressional Federal Credit Union U.S. House of Representatives Washington, D.C. December 1990 A.J. (Jack) King Chairman & Chief Executive Officer Valley Bank of Kalispell Kalispell, Montana December 1990 Ralph Spurgin President & CEO Limited Credit Services, Inc. Columbus, Ohio December 1990 Lawrence Winthrop President Consumer Credit Counseling Service of Oregon, Inc. Portland, Oregon December 1990 Sandra Phillips Executive Director Pittsburgh Partnership for Neighborhood Development Pittsburgh, Pennsylvania December 1990 Members whose terms continue through 1990 and 1991 George H. Braasch Corporate Credit Counsel Spiegel, Inc. Oak Brook, Illinois December 1991 James Fletcher President & Director South Shore Bank Chicago Chicago, Illinois December 1991 Mr. Cliff E. Cook Vice President, Compliance Officer Puget Sound Bank Tacoma, Washington December 1991 George C. Galster Professor of Economics Department of Economics The College of Wooster Wooster, Ohio December 1992 R.B. (Joe) Dean, Jr. Administrator Community and Consumer Affairs south Carolina National Bank Columbia, South Carolina December 1991 E. Thomas Garman Professor Consumer Studies Virginia Polytechnic Institute and State University Blacksburg, Virginia December 1992 William C. Dunkelberg Dean, School of Business and Management, and Temple University Philadelphia, Pennsylvania December 1991 Deborah Goldberg Reinvestment Specialist Center for Community Change Washington, DC December 1992 6 Michael M. Greenfield Professor of Law Washington University School of Law St. Louis, Missouri December 1992 Bernard F. Parker, Jr. Executive Director Community Resource Projects Detroit, Michigan December 1992 Vincent P. Quayle Director St. Ambrose Housing Aid Center Baltimore, Maryland December 1991 James W. Head Executive Director & Attorney National Economic Development and Law Center Berkeley, California December 1991 Clifford N. Rosenthal Executive Director National Federation of Community Development Credit Unions New York, New York December 1991 Barbara Kaufman Co-Director KCBS Call for Action San Francisco, California December 1991 Alan M. Silberstein Senior Vice President Chemical Bank New York, New York December 1991 Kathleen E. Keest Staff Attorney National Consumer Law Center Boston, Massachusetts December 1992 Colleen D. McCarthy Executive Director Kansas City Neighborhood Alliance Kansas City, Missouri December 1992 Michelle S. Meier Counsel for Government Affairs Consumers Union Washington, DC December 1991 Nancy Harvey Steorts President Nancy Harvey Steorts & Associate Chevy Chase, Maryland December 1992 David B. Ward, Esq. Of Counsel Gebhardt & Kieffer Clinton, New Jersey December 1991 Linda K. Page President & Chief Operating Officer Star Bank Columbus Worthington, Ohio December 1991 Board of Governors of the Federal Reserve System, June 1, 1990. (signed) Jennifer J. Johnson Jennifer J. Johnson Associate Secretary to the Board 7
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