Fed Names Thrift Council Veep

Tad Lowrey, chairman, president, and chief executive officer of Jackson Federal Bank, Brea, Calif., has been named vice president of the Federal Reserve Board's Thrift Institutions Advisory Council for 2004.Mr. Lowrey has already served one year of a two-year term on the council, which consists of 12 representatives from thrift institutions, including savings and loans, savings banks, and credit unions. It meets three times a year with the Board of Governors of the Federal Reserve System to discuss developments relating to thrifts, the housing industry, mortgage finance, and certain regulatory issues.