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FEDERAL RESERVE BANK OF NEW YORK ( \i. iD ^ i^ n July 6, 1994 CONSUMER ADVISORY COUNCIL R equest for N om inations To All D epository Institutions in the Second Federal Reserve District: Printed on the following pages is a statem ent issued by the Board o f G overnors o f the Federal Reserve System requesting nom inations o f qualified individuals for appointm ent to its C onsum er Advisory Council, together with the text o f the B oard’s official notice. N om inations should be sent directly to the Board o f G overnors by A ugust 31; the notice contains the nam es, affiliations, and term s o f office o f the C ouncil’s current m em bership. W illiam J.M cDonough, P resid en t. A+ / o '/ / EDERAL RESERVE press release For immediate release June 17, 1994 The Federal Reserve Board today announced that it is seeking nominations of qualified individuals for thirteen appointments to its Consumer Advisory Council. The Consumer Advisory Council is comprised of thirty representatives of consumer and community interests and of the financial services industry. The Council was established by Congress in 1976, at the suggestion of the Board, to advise the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice. The Council by law represents the interests both of consumers and of the financial community. The group meets in Washington, D.C., three times a year. Thirteen new members will be selected from the nominations to serve three-year terms that will begin in January 1995. The Board expects to announce the selection of new members by year-end 1994. fii/o1/9A Nominations should be submitted in writing and should include the address and telephone number of the nominee. In addition, information about past and present positions held, special knowledge, interests or experience related to consumer credit or other consumer financial services should be included. The written nominations must be received by August 31, 1994 and should be addressed to Dolores S. Smith, Associate 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. The Board's notice is attached including the names, affiliations and terms of office of the current Council members. -0- Attachment f ti- M / ? f l FEDERAL RESERVE SYSTEM Consumer Advisory Council Solicitation of Nominations for Membership AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice. SUMMARY: The Board is inviting the public to nominate qualified individuals for appointment to its Consumer Advisory Council, which is comprised o f representatives both of consumer and community interests and of the financial services industry. Thirteen new members will be selected for three-year terms that will begin in January 1995. The Board expects to announce the selection of new members by year-end 1994. DATE: Nominations should be received by August 31, 1994. ADDRESS: Nominations should be submitted in writing to Dolores S. Smith, Associate 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 Assistant, Division of Consumer and Community Affairs, (202) 452-6470; or for Telecommunications Device for the Deaf (TDD) users only. 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. M M / 9 # 2 The Council by law represents the interests both of consumers and of the financial communi ty. Members serve three-year terms that are staggered to provide the Council with continuity. New members will be selected for terms beginning January 1, 1995, to replace members whose terms expire this year. Nominations should include the address and telephone number o f 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 have some familiarity with consumer financial services and candidates who are willing to express their viewpoints. 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 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. 3 Council members whose terms end on December 31, 1994, are: Barry A. Abbott Director Howard Rice Nemerovski Canady Robertson Falk & Rabkin San Francisco, CA John R. Adams Coiporate Vice President and Compliance Officer CoreStates Financial Coiporation Philadelphia, PA John A. Baker Senior Vice President Equifax, Inc. Atlanta, GA Mulugetta Birru Executive Director Urban Redevelopment Authority of Pittsburg Pittsburgh, PA Genevieve Brooks Deputy Borough President Office of the Bronx Borough President Bronx, NY Cathy Cloud Enforcement Program Director National Fair Housing Alliance Washington, DC Michael D. Edwards President Prairie Security Bank Yelm, WA Gary S. Hattem Managing Director Bankers Trust Company New York, NY Edmund Mierzwinski Consumer Program Director U.S. Public Interest Research Group Washington, DC Jean Pogge Vice President South Shore Bank Chicago, IL John V. Skinner President and Chief Executive Officer Jewelers Financial Services, Inc. Irving TX Lowell N. Swanson (Retired) President United Finance Co. Portland, OR Michael W. Tierney Director Local Initiatives Support Coiporation Washington, D.C. fit m /9 /t - 4 Other Council members, whose terms continue through 1995 and 1996, are listed below (together with the expiration date o f each one’s term o f office). Douglas D. Blanke Director o f Consumer Policy Office of the Attorney General St. Paul, MN December 31, 1995 Ronald A. Homer Chairman and CEO Boston Bank of Commerce Boston, MA December 31, 1995 Alvin J. Cowans President and CEO McCoy Federal Credit Union Orlando, FL December 31, 1996 Thomas L. Houston Executive Director The Dallas Black Chamber of Commerce Dallas, TX December 31, 1995 Michael Ferry Staff Attorney, Consumer Unit Legal Services o f Eastern Missouri, Inc. St. Louis, MO December 31, 1995 Norma L. Freiberg Community Activist New Orleans, LA Elizabeth G. Flores Senior Vice President and Compliance Officer Laredo National Bank Laredo, TX December 31, 1996 Lori Gay Executive Director Los Angeles Neighborhood Housing Services Los Angeles, CA December 31, 1995 Katherine W. McKee Associate Director Center for Community Self-Help Durham, NC December 31, 1996 Anne B. Shlay Associate Director Institute for Public Policy Studies Temple University Philadelphia, PA December 31, 1996 Reginald J. Smith President United Missouri Mortgage Company Kansas City, MO December 31, 1996 John E. Taylor President & CEO National Community Reinvestment Coalition Washington, D.C. December 31, 1996 0 - 5 Lorraine VanEtten Vice President & Community Lending Officer Standard Federal Bank o f Troy Troy, MI December 31, 1996 Robert O. Zdenek Senior Program Associate Annie E. Casey Foundation Greenwich, CT/Baltimore, MD December 31, 1995 lily K. Yao President & CEO Pioneer Federal Savings Honolulu, HI December 31, 1996 Grace W. Weinstein Financial Writer & Consultant Englewood, NJ December 31, 1995 James L. West President Jim West Financial Group, Inc. Tijeras, NM December 31, 1995 Board of Governors of the Federal Reserve System, June 16, 1994. (signed) William W. Wiles William W. Wiles Secretary of the Board
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