Bank Appoints Members to Community Bank Advisory Council> > > >
July 27, 2016
For immediate release
Contact: Rachel Brown, Media Relations, 215-574-3840
Philadelphia, PA — The Federal Reserve Bank of Philadelphia today announced five appointments to its Community Depository Institutions Advisory Council (CDIAC):
Each appointee will serve a three-year term, which begins in fall 2016.
The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with Philadelphia Federal Reserve officials to share insights on economic and business trends facing community depository institutions in their local markets. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a gathering hosted by the Federal Reserve Board of Governors in Washington, D.C.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern and central Pennsylvania, southern New Jersey, and Delaware.