The Federal Reserve Bank of Richmond announced the formation of a Community Investment Council and the appointment of members.
The primary purpose of the Council is to inform the Bank about emerging issues and trends in communities across the Fifth Federal Reserve District, including low- and moderate-income neighborhoods and communities. The information gleaned from the Council will be used to help shape Richmond Fed policy decisions and to contribute to the Bank's strategic direction.
Council members are chosen to represent unique perspectives on community investment and local economic growth. This includes leaders from rural and urban communities who understand the challenges to and opportunities for local economic growth, especially with respect to community investment mechanisms and policies.
Members of the Richmond Fed Community Investment Council are:
Members will serve three-year terms on a rotating basis and may serve two consecutive terms. Three members will be replaced each year.
The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks that together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Richmond Fed serves the Fifth Federal Reserve District, which encompasses the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.