The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
Panel members are chief executive officers from nine thrift organizations in the Second District who meet twice a year with senior management of the New York Fed to discuss economic and business conditions and issues concerning the thrift industry.
Ronald E. Hermance, Jr. Chairman, President, and Chief Executive Officer Hudson City Savings Bank Paramus, New Jersey
William Mellin President and Chief Executive Officer Credit Union Association of New York Latham, New York
Ross Prossner President and Chief Executive Officer Beacon Federal East Syracuse, New York
George Strayton President and Chief Executive Officer Provident Bank Montebello, New York
Thomas Sung Chairman Abacus Federal Savings Bank New York, New York
John M. Scarchilli President and Chief Executive Officer Pioneer Savings Bank Troy, New York
John F. Trentacosta President and Chief Executive Officer Newtown Savings Bank Newtown, Connecticut