The Board of Governors of the Federal Reserve System is extending the Application Form for Membership on the Community Advisory Council for three years with some revisions. These revisions, effective in 2025, include changes to organization types and areas of expertise on the application, along with two new attestations. The form will collect information about applicants' experience, qualifications, and interest in joining the council. The Board received no public comments on these changes and will proceed with the revisions as planned.
Simple Explanation
The Federal Reserve is making small changes to a form that people fill out if they want to help on a special council. These changes will start in 2025, and no one had any questions or complaints about them.