For immediate release

The Federal Reserve Board today named ten new members to its Consumer Advisory Council for three-year terms and designated a new Chair and Vice Chair of the Council for 1999. The Council, which consists of thirty members, advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. The Council meets three times a year in Washington, D.C. Yvonne S. Sparks, President of the Community Investment Department for NationsBank Community Investments Group in St. Louis, Missouri, was designated Chair. Her term runs through December 1999. Dwight Golann, a Professor of Law at Suffolk University Law School in Boston, Massachusetts was designated Vice Chair. His term on the Council ends in December 2000. The ten new members are: Lauren Anderson Executive Director Neighborhood Housing Service New Orleans, Louisiana Comments: Ms. Anderson is the Executive Director of the Neighborhood Housing Services of New Orleans, a nonprofit housing corporation that has the reputation of doing highly creative and innovative projects. Ms. Anderson was previously a project manager for the Department of Housing and Economic Development for Jersey City; a staff attorney for the American Civil Liberties Union; and an associate with a law firm representing nonprofit and affordable housing developers. She has served on the Board of Directors of the Metropolitan Area Committee, the New Orleans Neighborhood Development Collaborative, and for the Federal Home Loan Bank of Dallas. Malcolm M. Bush President The Woodstock Institute Chicago, Illinois Comments: Mr. Bush is President of The Woodstock Institute, a nonprofit that engages in applied research, public education, and technical assistance to increase investment and promote economic development in low- to moderate-income and minority communities. Prior to joining Woodstock in 1992, Mr. Bush served as assistant professor of social policy at the University of Chicago, and as assistant professor of urban policy and education and chairperson of the program in social policy and human development at Northwestern University. He has authored a book, Families in Distress: Public, Private, and Civic Responsibilities, and published more than thirty-five articles on economic development, social issues, and public policy in various professional journals. Mr. Bush is the Board Chair for the Financial Markets Center and on the Board of Directors of the National Community Reinvestment Coalition. He is also co-chair of the Steering Committee of the Chicago Federal Reserve Board's Mortgage Credit Partnership Project and the Advisory Board of the Reserve Bank's Assessing the Midwest Economy Project. John C. Gamboa Executive Director The Greenlining Institute San Francisco, California Comments: John C. Gamboa, the Executive Director of the Greenlining Institute, has managerial experience in academia, the private and non-profit sectors. He was Executive Director of the Latino Issues Forum, Communications Manager, University of California at Berkeley, Executive Director of Project Participar, a citizenship program, and Marketing and Advertising Manager at Pacific Bell. As Executive Director for the Greenlining Institute, Mr. Gamboa focuses on public policy issues that promote economic development in urban and low-income areas, and on developing minority youth into future community leaders. He has been active in combating redlining and in providing a voice for the poor and underserved in insurance, banking, utilities, and telecommunications issues. Rose M. Garcia Executive Director El Paso Collaborative for Community and Economic Development El Paso, Texas Comments: Ms. Garcia is the Executive Director of the El Paso Collaborative for Community and Economic Development, an umbrella organization that provides funding, technical assistance and training to twenty community development organizations. She also serves as chairperson of the Texas Association of Community Development Organizations, a board member of Services for Seniors, an executive board member and officer of the National Farmworker Housing Project Directors Association, and a member of Concilio Campesino del Sudoeste. For twenty years Ms. Garcia has been a leader in the development of affordable housing in Texas and New Mexico, in both rural and metropolitan communities, and has extensive hands-on experience in affordable housing development. Ms. Garcia presently serves on the Board of Directors of Waterworks, Inc., a program of the Pew Charitable Trust to finance innovative water/sewer projects in colonias along the U.S.-Mexico border. Vincent Giblin General Vice President International Union of Operating Engineers West Caldwell, New Jersey Comments: Mr. Giblin is the Chief Executive Officer of Local 68 of the International Union of Operating Engineers in West Caldwell, New Jersey. This union has 5,000 members with jurisdiction throughout the entire State of New Jersey. In addition, Mr. Giblin serves as Chairman of the Board of Horizon Blue Cross and Blue Shield of New Jersey. He is also the General Vice President of the International Union of Operating Engineers, an international body with jurisdiction over 400,000 members throughout North America. Mr. Giblin is President of the Northeastern States Conference of Operating Engineers, which covers the East Coast from Maine to Pittsburgh to Delaware. Previously, Mr. Giblin was a Commissioner of the New Jersey Economic Development Authority, and also served as Chairman of the New Jersey Casino Reinvestment and Development Authority. During that time he actively sought favorable government financing to facilitate the expansion of public housing construction. Willie Jones Regional Director Community Builders, Inc. Boston, Massachusetts Comments: Mr. Jones is the Deputy Director of The Community Builders, Inc. He has spearheaded the company's efforts to secure new HOPE VI engagements nationally. Prior to going to Community Builders, Inc., Jones was an assistant to the Dean at the College of Engineering at Northeastern University, responsible for recruitment and retention of minority students in the technical degree programs. He is also Vice Chair of the Massachusetts Community and Banking Council. Jones has received numerous community achievement awards and has been on the Board of Directors. He has also taught a graduate course, "Real Estate Development and Finance," at Tufts University in the Urban and Environmental Policy Program, as well as "Project Management" at the MIT Department of Urban Studies and Planning in the Professional Development Institute. Anne Li Executive Director New Jersey Community Loan Fund Trenton, New Jersey Comments: Ms. Li is Executive Director of the New Jersey Community Loan Fund. The Fund is a nonprofit community development financial institution that seeks to increase the flow of capital to build economic self-sufficiency for lower income people and communities throughout New Jersey. Ms. Li was appointed by the Governor to the New Jersey Redevelopment Authority and to the Community Financial Services Advisory Board of the New Jersey State Department of Banking and is also a member of the Community Advisory Council to the Federal Home Loan Bank of New York. Marta Ramos Vice President and CRA Officer Banco Popular de Puerto Rico San Juan, Puerto Rico Comments: Ms. Marta Ramos is the Vice President and CRA officer for Banco Popular de Puerto Rico, the main subsidiary of Popular, Inc., a bank holding company with $22.9 billion in assets. In addition to serving Puerto Rico with the largest branch network, Popular, Inc. has banking branches in California, Florida, Illinois, New Jersey, New York, Texas, U.S. Virgin Islands, and the British Virgin Islands. Ms. Ramos was the founder and past president of the Compliance and CRA Committees of the Puerto Rico Bankers Association; served as an advisor to the Concilio de Corporaciones en Desarrollo Comunitario, an umbrella organization of community development corporations in Puerto Rico; a member of the planning committee and advisory board of the Puerto Rico Community Foundation Consortium; founding member of the Puerto Rico Housing Network, a non-profit organization created to support housing initiatives in Puerto Rico; founding member of Habitat for Humanity of Puerto Rico; and member of the Private Industry Council of the Municipality of San Juan. Gary Washington Senior Vice President and CRA Officer ABN AMRO North America, Inc. Chicago, Illinois Comments: Mr. Washington is Senior Vice President and CRA officer of ABN AMRO North America, Inc., a Dutch-owned bank with $115 billion in U.S. assets. He directs and oversees the community reinvestment activity of all ABN AMRO banking units in the United States. Mr. Washington works closely with affordable housing organizations and small businesses. His work contributed to the formation of LaSalle Community Development Corporation, which provides debt and equity for community development projects. Mr. Washington currently serves on the board of directors of several organizations such as the Chicago Equity Fund and the Jane Addams Hull House. He has been named a fellow by Leadership Greater Chicago and served as founding chair of the CRA subcommittee for the Chicago Clearinghouse Association. Robert L. Wynn II Financial Education Officer Department of Financial Institutions Madison, Wisconsin Comments: Mr. Wynn is the Financial Education Officer for the Wisconsin Department of Financial Institutions. Prior to his current post, Mr. Wynn was the Director of the Bureau of Minority Business development for the Wisconsin Department of Commerce. He was responsible for directing the Bureau's business development initiatives to foster small business ownership. Under his leadership, the Bureau provided an early planning grant to a start-up community development bank owned by three African-American women in Milwaukee. Mr. Wynn worked to develop the Minority Business Development Fund, which provides direct loans for working capital, machinery and equipment, land and building acquisition or general expansion. He also established the Milwaukee Economic Education Partnership, which includes a "Youth Enterprise Academy" and a teacher-training component; and founded the South Central Wisconsin Council of the National Association of Investors. Council members whose terms continue through 1999 and 2000 are: Wayne-Kent A. Bradshaw President and Chief Executive Officer Family Savings Bank, FSB Los Angeles, California (1999) Philip Price, Jr. Executive Director The Philadelphia Plan Philadelphia, Pennsylvania (1999) Janet C. Koehler Senior Manager of Electronic Commerce AT&T Universal Card Services Jacksonville, Florida (1999) Marilyn Ross Executive Director Holy Name Housing Corporation Omaha, Nebraska (1999) Carol Parry Executive Vice President Chase Manhattan Bank New York, New York (1999) Gail Small Executive Director Native Action Lame Deer, Montana (1999) Walter J. Boyer President United Central Bank Garland, Texas (2000) Daniel W. Morton Vice President and Senior Counsel Huntington National Bank Columbus, Ohio (2000) Jeremy Eisler Director of Litigation South Mississippi Legal Services Corp. Biloxi, Mississippi (2000) Charlotte Newton Consumer Advisor Springfield, Virginia (2000) Robert F. Elliott Vice Chairman Household International Prospect Heights, Illinois (2000) David L. Ramp Attorney Legal Aid Society of Minneapolis Minneapolis, Minnesota (2000) Karla Irvine Executive Director Housing Opportunities Made Equal of Greater Cincinnati, Inc. Cincinnati, Ohio (2000) Robert G. Schwemm Professor of Law University of Kentucky Lexington, Kentucky (2000) Gwenn Kyzer Vice President Target Marketing Service Experian, Inc. Allen, Texas (2000) David J. Shirk Senior Vice President Frontier Investment Company Eugene, Oregon (2000) John C. Lamb Senior Staff Counsel Department of Consumer Affairs Sacramento, California (2000) Martha W. Miller President Choice Federal Credit Union Greensboro, North Carolina (2000)

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