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 brings a new voice to the group, which is made up of leaders from nonprofits, community organizations, foundations, and anchor institutions. The Community Advisory Group aims to provide the New York Fed and its president, John C. Williams, with timely perspectives on economic challenges faced by various communities across the Second District.
Toenniessen is currently deputy executive director at Syracuse University’s D’Aniello Institute for Veterans and Military Families. In this role, he leads more than 100 employees in programs that serve veterans and military families nationwide. His responsibilities include overseeing national training programs, research efforts, business coalitions for veterans, alumni engagement initiatives, and policy work in Washington D.C.
Following his graduation from Syracuse University and service as a second lieutenant—including a combat deployment to Iraq—Toenniessen returned to help expand veteran entrepreneurship programs before playing a key part in launching the institute in 2011. Since then he has contributed significantly to growing its reach; more than 236,000 service members and their families have participated in its programs.
The Federal Reserve Bank of New York provides thought leadership on community economic issues according to the official website. It operates as part of the Federal Reserve System according to the official website and works to bolster the U.S. economy through job creation efforts, maintaining stable prices, driving growth and providing financial services according to the official website. John C. Williams has served as president and chief executive officer since June 2018 according to the official website. The bank covers New York State along with parts of New Jersey and Connecticut as well as Puerto Rico and U.S. Virgin Islands according to the official website, playing a role in executing monetary policy for stability and growth according to the official website.
Toenniessen will join other members at an upcoming meeting scheduled for March 31.
