The St. Louis Fed’s Community Depository Institutions Advisory Council (CDIAC) met March 5 and 6, 2012, for the first of its bi-annual meetings at the Bank with President James Bullard. The St. Louis council, comprised of 12 executives of smaller financial institutions from communities across the Eighth District, was established in 2011 to advise Bullard on local credit, banking and economic conditions. The chairman of the council then reports twice a year, along with counterparts from the Federal Reserve System’s 11 other districts, to the Federal Reserve Board of Governors’ Community Depository Institutions Advisory Council.
Four of the members whose original one-year terms expired in 2011 were re-appointed to three-year terms beginning in 2012. For more information, see the St. Louis Fed’s CDIAC page, or for more information about all of the Federal Reserve System CDIAC councils, see the Federal Reserve Board of Governors’ site.
The St. Louis council next meets Sept. 17 and 18, 2012.