Reduce liability for losses on commercial accounts by adhering to four requirements.
NY Fed Announces Changes Community Depository Institutions Advisory Council
Feb 6 - The Federal Reserve Bank of New York has announced several changes to the membership of its Community Depository Institutions Advisory Council.
The following people have been appointed to the council effective immediately and will serve a three-year term:
- Lisa M. Cathie, president and CEO of Ulster Savings Bank in Kingston, N.Y.
- Martin A. Dietrich, president and CEO of NBT Bank, N.A. and NBT Bancorp Inc. in Norwich, N.Y.
- James W. Fulmer, chairman, president and CEO of The Bank of Castile in Batavia, N.Y.
Council members are representatives from commercial banks, thrift institutions and credit unions with assets under $10 billion headquartered in the Second Federal Reserve District (New York, northern New Jersey; Fairfield County, Conn.; Puerto Rico and the U.S. Virgin Islands). The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions.
The New York Fed’s president and first vice president meet with the council twice a year to discuss regional economic and financial conditions and other issues confronting community depository institutions.