Cleveland Fed Announces Director Appointments and Federal Advisory Council Appointment

For Immediate Release: May 5, 2004

Contact: June Gates, 216/579-2048
june.a.gates@clev.frb.org

Policy Summit to Focus on Revitalizing Communities

How can we revitalize our communities and neighborhoods -- not just the bricks and mortar, but also the people who live there? That is the focus of the 2004 Community Development Policy Summit to be held on May 14 at The Columbus hotel (formerly Adams Mark), in Columbus, Ohio.

Community development practitioners, public officials, bankers, and anyone interested in community revitalization will want to attend this conference. Members of the news media are invited to attend, free of charge, but must register in advance.

Sponsored by the Federal Reserve Bank of Cleveland, the day-long conference will address:

	Strategies for building wealth, including public-private partnerships, and tools for creating assets, such as Individual Development Accounts, Earned Income Tax Credits, and financial literacy. Sessions will also discuss the unbanked and payday lending.
	Public infrastructure improvements and their role in community revitalization.
	The regulatory environment and its implications for community development, including servicing of the new immigrant market.

Conference registration is $90 per person ($75 for nonprofits). For registration information and a detailed program agenda, see www.clevelandfed.org/policysummit2004 or contact Paula Warren at 1-800-433-1035 or pwarren@clev.frb.org.

The 2004 Community Development Policy Summit is being sponsored by the Cleveland Reserve Bank in partnership with the Federal Deposit Insurance Corporation (FDIC), Local Initiatives Support Corporation (LISC), Office of the Comptroller of the Currency, and Office of Thrift Supervision (OTS), and with support from The Enterprise Foundation, Neighborhood Reinvestment Corporation, and the Ohio Capital Corporation for Housing.