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Mitch Nichols Joins St. Louis Fed's Transportation Industry Council


ST. LOUIS—Mitch Nichols, president of UPS Airlines, Louisville, Ky., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis.  UPS is the Louisville area’s largest employer with more than 20,000 employees.  The city serves as the company’s base of airline operations and as home to its international all-points hub Worldport.

The St. Louis Fed created four District Industry Councils in 2006, each designed to provide the Fed with important feedback regarding economic conditions within a key Eighth District industry sector.  The members’ observations – along with the economic 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 – help ensure that conditions of Main Street America are represented in monetary policy deliberations in Washington.

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.