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May 12, 2015

Richmond Fed Names 2015 Community Investment Council Chair and New Members

Richmond, Va.

The Federal Reserve Bank of Richmond has named a new chair and three new members to its Community Investment Council.

The CIC is a 12-member council of community development professionals who share their thoughts and expertise with the Richmond Fed at an all-day meeting twice a year. The primary purpose of the CIC is to inform the Bank about emerging issues and trends across the Fifth District, including those in low- and moderate-income neighborhoods and communities. The information gleaned from the Council is used to help shape the Richmond Fed’s policy decisions and to contribute to the Bank’s strategic direction.

Council members are chosen to represent unique perspectives on community investment and local economic growth. This includes leaders from rural and urban communities who understand the challenges to and opportunities for local economic growth, especially with respect to community investment mechanisms and policies.

The incoming Chair of the CIC is Mary Hunt, senior program officer of The Claude Worthington Benedum Foundation in Pittsburgh, Pennsylvania, a regional philanthropy, which focuses on West Virginia and southwestern Pennsylvania. Chair Hunt has served on the CIC since May 2014.

Joining the Richmond Fed’s CIC are:

  • Tammy Besherse, attorney, South Carolina Legal Justice System 
  • MaryAnn Black, associate vice president for community and local relations, Duke University Health System
  • Earl Gohl, federal co-chair, Appalachian Regional Commission

All members serve three-year terms on a rotating basis and may serve two consecutive terms. See a full list of members.

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.


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