ST. LOUIS—Lynn B. Schenck, executive vice president and director of leasing and sales for Jones Lang LaSalle of St. Louis, Mo., has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.
The St. Louis Fed created four District Industry Councils in 2006. Each council represents a specific industry that is critical to the Federal Reserve's Eighth District and is designed to build a consistent and dependable line of communication regarding economic conditions within those industry sectors throughout the District. The members’ observations complement the data and information developed through the Federal Reserve's Beige Book, the St. Louis Fed’s Burgundy Books and meetings of the Reserve Bank's boards of directors.
Each council is based in one of four of the Reserve Bank's offices: Memphis (transportation), St. Louis (real estate), Little Rock (agribusiness) and Louisville (health care). The councils meet twice a year.