Jan 9 - The Federal Reserve Bank of Boston has appointed three new members to the First District Community Depository Institutions Advisory Council:
Continuing members include:
Howard of Liberty Bank serves as the First District representative to the national CDIAC, which meets twice a year to advise the Federal Reserve Board in Washington DC. The next meeting of the First District CDIAC will be March 11, 2013.
The CDIAC was established pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. District CDIACs provide input on the economy, lending conditions, regulatory policies, payments and other issues to their regional Federal Reserve Bank. The 12 First District CDIAC members represent the diversity of institutions in New England, including commercial banks, thrift institutions and credit unions with assets below $10 billion. Members are from the six New England states: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.