Michael David Garriga Joins St. Louis Fed's Transportation Industry Council

MEMPHIS — Michael David Garriga, executive director of state government affairs for BNSF Railway in Memphis, has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis.

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 supported by 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.