ST. LOUIS — The Federal Reserve Bank of St. Louis has created a Community Development Advisory Council and named executives from 13 organizations that represent nonprofits, financial institutions, universities, governments and foundations throughout the Eighth Federal Reserve District. The Council will meet twice annually.
"We created this Council to build a dependable line of communication regarding community development issues throughout the Fed's Eighth District," said William Poole, president and CEO of the St. Louis Fed. "The members will complement the information developed through outreach by our Community Affairs staff."
Council members will serve a three-year term.
The executives who have been appointed to serve are:
With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.
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