The Federal Reserve System
The Federal Reserve System uses advisory and working committees in carrying out its varied responsibilities. Three of these committees advise the Federal Reserve Board directly: the Federal Advisory Council, the Community Depository Institutions Advisory Council, and the Community Advisory Council. The Federal Advisory Council was established by law, and the Community Depository Institutions Advisory Council and the Community Advisory Council were created by the Federal Reserve Board.
Community Advisory Council
- Michael Rubinger, Chair
President and Chief Executive Officer, Local Initiatives Support Corporation (LISC)
New York, N.Y.
- Roberto Barragan
President and Chief Executive Officer, VEDC
Van Nuys, Calif.
- Angela Glover Blackwell
Founder and Chief Executive Officer, PolicyLink
- Patrick Dujakovich
President, Greater Kansas City AFL-CIO
Kansas City, Mo.
- Benjamin Dulchin
Executive Director, Association for Neighborhood & Housing Development
New York, N.Y.
- Brian Fogle
President and Chief Executive Officer, Community Foundation of the Ozarks
- Ben Mangan
Executive Director and Lecturer, Haas School of Business, U.C. Berkeley, Center for Social Sector Leadership
- Rodrick Miller
President and Chief Executive Officer, Detroit Economic Growth Corporation
- Noel Poyo
Executive Director, National Association for Latino Community Asset Builders
San Antonio, Texas
- Arden Shank
President and Chief Executive Officer, Neighborhood Housing Services of South Florida
- Adrienne Smith
President and Chief Executive Officer, New Mexico Direct Caregivers Coalition
- Sue Taoka
Executive Vice President, Craft3
- Mary Tingerthal
Commissioner, Minnesota Housing Finance Agency
St. Paul, Minn.
- Raul Vazquez
Chief Executive Officer, Oportun
Redwood City, Calif.
- Catherine Wilson
Professor, University of Nebraska-Lincoln College of Law
Federal Reserve Bank Presidents
The Federal Reserve Act provides that the president of a Federal Reserve Bank shall be the chief executive officer of the Bank, appointed by the board of directors of the Bank, with the approval of the Board of Governors of the Federal Reserve System, for a term of five years.
The terms of all the presidents of the twelve District Banks run concurrently, ending on the last day of February of years numbered 6 and 1 (for example, 2001, 2006, and 2011). The appointment of a president who takes office after a term has begun ends upon the completion of that term. A president of a Reserve Bank may be reappointed after serving a full term or an incomplete term.
Reserve Bank presidents are subject to mandatory retirement upon becoming 65 years of age. However, presidents initially appointed after age 55 can, at the option of the board of directors, be permitted to serve until attaining ten years of service in the office or age 75, whichever comes first.