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FEDERAL R ESER VE BANK O F NEW Y O R K A t-I07S§y <0 June 30, 1995 CONSUMER ADVISORY COUNCIL Request for Nominations To Alt Depository Institutions in the Second Federal Reserve District: Printed on the following pages is a statement issued by the Board of Governors of the Federal Reserve System seeking nominations of qualified individuals for nine appointments to its Consumer Advisory Council, together with the text of the Board's official notice. Those nominees selected will serve three-year terms beginning in January 1996. Nominations should be sent directly to the Board of Governors by August 31; the notice contains the names, affiliations, and terms of office of the Council's current membership. W il l ia m J. M c D o n o u g h . President. :EDERAL RESERVE press release For immediate release June 1, 1995 The Federal Reserve Board today announced that it is seeking nominations of qualified individuals for nine appointments to its Consumer Advisory Council. The Consumer Advisory Council is comprised of 30 representatives of consumer and community interests and of the financial services industry. The Council was established by Congress in 1976 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. Nine new members will be selected from the nominations to serve three-year terms that will begin in January 1996. The Board expects to announce the selection of new members by yearend 1995. over 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, 1995, 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 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 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' 1996. The Board expects to announce the selection of new members by year-end 1995. DATE: Nominations should be received by August 31, 1995. ADDRESS: Nominations should be submitted in w'riting 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: Ann Marie Bray, Secretary' to the Council, Division of Consumer and Community Affairs, (202) 452-6470; or for Telecommunications Device for the Deaf (TTD) users only. Dorothea Thompson (202) 452-3544; Board of Governors of the Federal Reserve System, Washington, D.C. 20551. - 2 - 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 (15 USC 1691(b)) represents the interests both of consumers and of the financial community. Under the Rules of Organization and Procedure of the Consumer Advisory Council (12 CFR 267.3), members serve three-year terms that are staggered to provide the Council with continuity. New members will be selected for terms beginning January 1, 1996, 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 community reinvestment, 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 community reinvestment or consumer financial services and who are willing to express their view points. Candidates do not have to be experts on all levels of community reinvestment or 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. - 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. Council members whose terms end as of December 31, 1995, are: D. Douglas Blanke Director of Consumer Policy Office of the Attorney General St. Paul, Minnesota Michael Ferry Staff Attorney, Consumer Unit Legal Services of Eastern Missouri, Inc. St. Louis, Missouri Norma L. Freiberg Community Activist New Orleans, Louisiana Lori Gay Executive Director Los Angeles Neighborhood Housing Services Los Angeles, California Ronald A. Homer Chairman and CEO Boston Bank of Commerce Boston, Massachusetts Thomas L. Houston Executive Director The Dallas Black Chamber of Commerce Dallas, Texas Grace W. Weinstein Financial Writer and Consultant Englewood, New Jersey James L. West President Jim West Financial Group, Inc. Tijeras, New Mexico Robert O. Zdenek Senior Program Officer Annie E. Casey Foundation Baltimore, Maryland -4 - Other Council members whose terms continue through 1996 and 1997, are listed below (together with the expiration date of each one’s term of office). Thomas R. Butler President and Chief Operating Officer Discover Card Services Riverwoods, Illinois December 31, 1997 Robert G. Greer Chairman of the Board Tanglewood Bank Houston, Texas December 31, 1997 Robert A. Cook Partner Venable, Baetjer and Howard Baltimore, Maryland December 31, 1997 Kenneth R. Harney Journalist Washington Post Writers Group Chevy Chase, Maryland December 31, 1997 Alvin J. Cow'ans President and CEO McCoy Federal Credit Union Orlando, Florida December 31, 1996 Gail K. Hillebrand Litigation Counsel West Coast Regional Office Consumers Union of U.S., Inc. San Francisco, California December 31, 1997 Elizabeth G. Flores Senior Vice President Laredo National Bank Laredo, Texas December 31, 1996 Emanuel Freeman President Greater Germantown Housing Development Corporation Philadelphia, Pennsylvania December 31, 1997 David C. Fynn Regulatory Risk Manager National City Corporation Cleveland, Ohio December 31, 1997 Terry Jorde President and CEO Towner County State Bank Cando, North Dakota December 31, 1997 Eugene I. Lehrmann President American Association of Retired Persons Madison, Wisconsin December 31, 1997 Katharine W. McKee Transition Director CDFI Fund Washington, D.C. December 31, 1996 - 5- Ronald A. Prill Vice President, Credit Dayton Hudson Corporation Minneapolis, Minnesota December 31, 1997 Reginald J. Smith President United Missouri Mortgage Company Kansas City, Missouri December 31, 1996 Lisa Rice-Coleman Executive Director Fair Housing Center Toledo, Ohio December 31, 1997 John E. Taylor President and CEO The National Community Reinvestment Coalition Washington, D.C. December 31, 1996 John R. Rines President General Motors Acceptance Corporation Detroit, Michigan December 31, 1997 Lorraine VanEtten Vice President and Community Lending Officer Standard Federal Bank of Troy Troy, Michigan December 31, 1996 Julia M. Seward Vice President and Corporate Community Reinvestment Officer Signet Bank Richmond, Virginia December 31, 1997 Lily K. Yao Chairman and CEO Pioneer Federal Savings Bank Honolulu, Hawaii December 31, 1996 Anne B. Shlay Associate Director Institute for Public Policy Studies Temple University Philadelphia, Pennsylvania December 31, 1996 Board of Governors of the Federal Reserve System, May 31, 1995 (signed) Jennifer J. Johnson Jennifer J. Johnson Deputy Secretary of the Board
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