Press Release
☷Federal Reserve Board announces four new members of its Community Depository Institutions Advisory Council CDIAC
Federal Reserve System ( By Press Release office)
Jan 20,2024
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The Federal Reserve Board announced on Thursday that it has appointed four new members to its Community Depository Institutions Advisory Council ( CDIAC ) , as well as the president and vice president of the council for 2024 . The CDIAC is responsible for advising the Board on economic matters , lending conditions , and other issues that are of interest to community depository institutions . The members of the council are chosen from representatives of commercial banks , thrift institutions , and credit unions who serve on local advisory councils at the 12 Federal Reserve Banks . They serve three - year terms and meet with the Federal Reserve Board in Washington , D . C . twice a year . Chuck Sulerzyski , the president and CEO of Peoples Bank in Marietta , Ohio , will serve as the CDIAC president in 2024 , while Kim DeVore , the president and CEO of Jonah Bank of Wyoming in Casper , Wyo . , will serve as the vice president . The four new CDIAC members will replace former members from the Boston , Philadelphia , Chicago , and San Francisco districts . The Council is scheduled to meet on April 11 and November 14 , 2024 . For more information on the CDIAC and its meetings with the Board , please visit their website .
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