Fed announces five new members for community council

Five new members of its Community Advisory Council (CAC) were announced Thursday by the Federal Reserve Board, each to serve a three-year term beginning next year.

The new members are: Juan Bonilla, Deputy Director Lawrence CommunityWorks, Inc., Lawrence, Mass.; Donald Hinkle-Brown, President & CEO, Reinvestment Fund, Philadelphia; Barb Lau, Executive Director, Association of Women Contractors, St. Paul, Minn.; Jonny Price, Senior Director, Kiva U.S., San Francisco; Bethany Sanchez, Fair Lending Director, Metropolitan Milwaukee Fair Housing Council, Milwaukee.

The new members were selected from a pool of individuals who applied following the call for applications, the Fed Board said; they replace five departing members. The new members join 10 existing members; incoming Chair Roberto Barragan and incoming Vice Chair Andrea Levere will lead the council, according to the Fed.

“The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building,” the agency said in a statement announcing the new members. “CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.

The next meetings of the CAC are scheduled for May 4 and Oct. 5, 2018

Federal Reserve Board announces new members of Community Advisory Council