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The St. Louis Fed's four industry councils were created in 2006, and each council represents a specific industry that is critical to the Federal Reserve's Eighth District. The councils are designed to provide a formal, systematic line of communication about economic conditions between St. Louis Fed staff members and industry representatives throughout the District.
In 2011, the Federal Reserve Bank of St. Louis established a Community Depository Institutions Advisory Council (CDIAC) comprised of 12 executives of smaller financial institutions across the Eighth District.
The council was created to keep the Federal Reserve Bank of St. Louis President and Community Development staff informed about relevant issues in the District and to suggest ways the Bank might support local development efforts.
Members help Economic Education staff stay in close contact with best practices and trends in education at the classroom and administration levels.