Advisory Councils

• Community Depository Institution Advisory Council
  CDIAC offers a community institution perspective on the economy, credit conditions, regulatory policies, and payments. The members of the First District Community Depository Institution Advisory Council (CDIAC) bring information from their local communities to the Federal Reserve Bank of Boston. The 12 members represent commercial banks, thrifts, and credit unions with assets of less than $10 billion. The CDIACs of the Federal Reserve Board and the 12 Reserve Banks were established by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
• Community Development Advisory Council
  The New England Community Development Advisory Council provides a forum for representatives of community development organizations from the private, public, and nonprofit sectors to inform, advise, and discuss opportunities to facilitate communication among the sectors to encourage effective use of community development resources in the region. The CDAC serve as a mechanism to convey to the broader Federal Reserve System, indirectly through the Federal Reserve Bank of Boston, perspectives on community development to which the System should be sensitive.
• New England Advisory Council
  The New England Advisory Council (NEAC) is comprised of leaders of small- to mid-size businesses throughout New England. Members advise the Bank and its management on economic matters throughout the Federal Reserve’s First District.
• Diversity Advisory Council
  The Diversity Advisory Council works collaboratively with the President and the Office of Diversity to provide advice, counsel, thought leadership, and feedback regarding actions, initiatives, and strategies that the Federal Reserve Bank of Boston can undertake. The Diversity Advisory Council is comprised of recognized diversity business leaders from the New England region.