The Federal Reserve Bank of St. Louis has appointed six new members to its Community Depository Institutions Advisory Council, which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities.
The new members who began serving three-year terms this year include Bertram “Buddy” Mortimer, president and CEO, Bank of Kilmichael.
Established in 2011, the St. Louis Fed’s CDIAC comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. The council meets twice a year at the Federal Reserve Bank of St. Louis. The first of this year’s meetings was Feb. 24-25 and the next is scheduled for Oct. 19-20. The chair of the CDIAC also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington.
