To All Depository Institutions and Others Concerned
in the Second Federal Reserve District:
The Board of Governors of the Federal Reserve System has named 10 new members to its Consumer Advisory Council for three-year terms and has designated a new chair and vice chair for 2006.
The Council advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters relating to consumer financial services. The Council meets three times a year in Washington, D.C.
Lori Swanson was designated chair; her term runs through December 2006. Ms. Swanson is solicitor general for the office of the Minnesota attorney general.
Lisa Sodeika was designated vice chair; her term on the Council ends in December 2007. Lisa Sodeika is executive vice president of corporate affairs for HSBC North America Holdings Inc.
The 10 new members are:
Tony T. Brown
Mark K. Metz
Anna McDonald Rentschler
Faith Arnold Schwartz
See the press release for details of the new members and a list of all Council members whose terms continue through 2006 and 2007.