The Federal Reserve Board is disbanding its Thrift Institution Advisory Council, replacing it with a broader board that includes banks, thrifts and credit unions.
Processing Content
The new Community Depository Institutions Advisory Council will provide "input to the board on the economy, lending conditions and other issues," the Fed said.
The central bank also is creating local advisory councils at the 12 Federal Reserve district banks. One member of each local council will attend the two annual meetings of the CDIAC in Washington.
The local advisory councils will hold their first meetings in early 2011, according to the Fed.
