For immediate release: March 18, 2010
The Federal Reserve Bank of Atlanta announces the appointment of 13 members of the newly established Sixth Federal Reserve District Community Depository Institutions Advisory Council (CDIAC). Each Federal Reserve District is establishing a CDIAC to systematically include the views of community depository institutions in the policymaking process.
CDIACs will provide input on the economy, lending conditions, and other issues related to community banking. They are being established at Federal Reserve Banks across the country pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The newly appointed members of the Atlanta Fed's CDIAC are:
The Sixth District CDIAC will meet twice a year and held its first meeting on March 16, 2011. The chair of the Atlanta Fed's CDIAC, Claire Tucker, of CapStar Bank in Nashville, Tenn., will serve as the Sixth District's representative to the national CDIAC, which will also meet twice a year to advise the Federal Reserve Board.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and parts of Louisiana, Mississippi and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.