The Community Advisory Council (CAC) helps to inform the Federal Reserve Bank of Cleveland’s Community Development staff, senior leadership, and president about current and emerging economic and social issues and trends impacting underserved and lower-income individuals and communities.

The Federal Reserve Bank of Cleveland’s Community Development Department is responsible for research, analysis, and engagement on economic issues facing underserved and lower-income individuals and communities across the Fourth District, which is comprised of Ohio, eastern Kentucky, western Pennsylvania, and the northern panhandle of West Virginia. The Department’s goals include:

• Fostering a better understanding among policymakers, community leaders, and private-sector decision makers of the challenges faced by underserved and lower income individuals and communities, to promote data-driven solutions and practices;
• Promote effective cooperation among community organizations, government agencies, financial institutions, and other practitioners to their mutual benefit; and
• Foster the active engagement of depository institutions in providing credit and other banking services to their communities.

“We were overwhelmed by the response we received to our call for applications. The selection process was rigorous, with many qualified individuals expressing interest in joining the council. We carefully evaluated each and every application and tried our best to strike a balance to achieve a diverse slate of candidates who are representative of our District but also strategically aligned to our areas of interest. With the caliber of applicants, this proved to be a challenging exercise. We felt Presley’s expertise, skills, and experience would enhance the composition of the CAC.”

-Mary Helen Petrus, Assistant Vice President, Community Development, Federal Reserve Bank of Cleveland

Please join us in congratulating Presley on this designation!