The Federal Reserve Bank of Kansas City today announced that applications are being accepted for the Community Development Advisory Council (CDAC).
The CDAC is composed of community, banking and labor leaders from throughout the Federal Reserve’s Tenth District. CDAC members provide insight from their community, and share feedback on the Bank’s community development research and programs. Members also engage with bank staff on discussions about national and regional economic conditions.
There will be vacancies throughout the Tenth District, with a focus on applicants from Colorado, Nebraska, New Mexico, Oklahoma and Wyoming candidates.
Community leaders in the following fields are of special interest are encouraged to apply.
- Affordable housing
- Digital inclusion and/or affordable broadband
- Native American/tribal community development
- Community Reinvestment Act officers from intermediate small banks.
The Federal Reserve Bank of Kansas City established the CDAC in 2001 to provide Bank leaders with a deeper understanding of community development issues affecting low- and moderate-income communities.
Council members are appointed to three-year terms and provide perspectives on community development issues throughout the year. Members are expected to attend two meetings a year, typically in the spring and fall. Travel expenses are reimbursed by the Federal Reserve Bank of Kansas City. Meetings will be online or in person depending on Centers for Disease Control guidance.
As the regional headquarters of the nation’s central bank, the Federal Reserve Bank of Kansas City, along with its Branch offices in Denver, Oklahoma City and Omaha, participates in each of the Federal Reserve’s three mission areas of monetary policy, banking supervision and financial services. The Bank serves the Tenth Federal Reserve District, a region that includes western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico.