The Federal Reserve Board has announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2011.
CDIAC will provide input to the Board on the economy, lending conditions and other issues. Members were selected from representatives of banks, thrift institutions and credit unions serving on newly created local advisory councils at the 12 Federal Reserve Banks. One member of each of the Reserve Bank councils will serve on the CDIAC, which will meet twice a year with the Federal Reserve Board in Washington. The Board announced in October that it was forming the CDIAC to replace the Thrift Institutions Advisory Council.
Barrie G. Christman, chairman of Principal Bank in Des Moines, Iowa, will serve as president of CDIAC in 2011, and Howard T. Boyle, president and chief executive officer of Home Savings Bank in Kent, Ohio, will serve as vice president.
See press release for full details.