Raymond Toenniessen has been appointed to the Federal Reserve Bank of New York’s Community Advisory Group, the bank announced on Mar. 26. The appointment comes ahead of the group’s next meeting scheduled for March 31.
The Community Advisory Group brings together leaders from nonprofits, community organizations, foundations, and anchor institutions to provide the New York Fed and its president, John C. Williams, with insights into economic issues affecting communities in the Second District. This district includes New York State, northern New Jersey, southwestern Connecticut, Puerto Rico and the U.S. Virgin Islands, according to the official website of the Federal Reserve Bank of New York.
Toenniessen is currently deputy executive director at Syracuse University’s D’Aniello Institute for Veterans and Military Families. He oversees more than 100 employees across various locations in the United States and leads several national training programs as well as research initiatives and policy efforts in Washington D.C. He previously served as vice president for strategic initiatives and innovation at the institute.
After graduating from Syracuse University’s ROTC program and serving four years on active duty—including a combat deployment to Iraq—Toenniessen returned to manage veteran entrepreneurship programs before helping launch his current institute in 2011. Under his leadership, its programs have reached over 236,000 service members, veterans, and military family members.
The Federal Reserve Bank of New York provides thought leadership on community economic issues as part of its broader role within the Federal Reserve System according to its official website. The bank works to bolster job creation and maintain stable prices while delivering financial services and overseeing institutions in its district according to its official website. John C. Williams has served as president and chief executive officer since June 2018 according to its official website.
The appointment highlights ongoing efforts by the Federal Reserve Bank of New York to gather real-time perspectives from a diverse set of communities through advisory groups such as this one according to its official website.
