ST. LOUIS — Sam Fiorello, chief operating officer and senior vice president of the Donald Danforth Plant Science Center and president of the Bio Research & Development Growth Park in St. Louis, has rejoined the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. Fiorello, who also is president of the Bio Research & Development Growth Park on the Danforth Center’s campus, previously served as a member of the Agribusiness Industry Council for six years, starting in 2008.
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: St. Louis (real estate), Little Rock (agribusiness), Louisville (health care) and Memphis (transportation). The councils meet twice a year.
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