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Appointments of new members and the president and vice president of the Thrift Institutions Advisory Council. (Announcements).


The Federal Reserve Board on December 14, 2002, announced the names of four new members of its Thrift Institutions Advisory Council and designated a new president and vice president of the council for 2002.

The council is an advisory group made up of twelve representatives from thrift institutions. The panel was established by the Board in 1980 and includes savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , savings bank, and credit union representatives. The council meets three times each year with the Board of Governors to discuss developments relating to thrift institutions, the housing industry, mortgage finance, and certain regulatory issues.

The new president of the council for 2002 is Mark H. Wright, president and chief executive officer, USAA Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank
FSB

savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
. The new vice president is Karen L. McCormick, president and chief executive officer, First Federal Savings and Loan Association Federal Savings and Loan Association

An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.
, Port Angeles, Washington Port Angeles is a city in Clallam County, Washington, United States. According to the 2000 census, its population is 18,397, making it the largest city on the Olympic Peninsula. Port Angeles is the county seat of Clallam County. .

The four new members, named for two-year terms beginning January 1, 2002, are the following:

John B. Dicus, president, Capitol Federal Savings Bank, Topeka, Kansas

Kevin E. Pietrini, president and chief executive officer, Queen City Federal Savings Bank, Virginia, Minnesota

William J. Small, chairman and chief executive officer, First Federal Bank, Defiance, Ohio

David L. Vigren, president and chief executive officer, ESL Federal Credit Union, Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York.
Rochester, once known as The Flour City, and more recently as The Flower City or
 

Council members whose terms continue through 2002 are the following:

Ronald S. Eliason, president and chief executive officer, Utah Community Federal Credit Union, Provo, Utah

D. R. Grimes, vice chairman and chief executive officer, NetBank, Alpharetta, Georgia

James F. McKenna, president and chief executive officer, North Shore Bank, FSB, Brookfield, Wisconsin

Charles C. Pearson, Jr., co-chairman and chief executive officer, Waypoint way·point  
n.
A point between major points on a route, as along a track.
 Bank, Harrisburg, Pennsylvania

Herbert M. Sandler, chairman and chief executive officer, World Savings Bank, FSB, Oakland, California

Everett Stiles, president and chief executive officer, Macon Bank, Franklin, North Carolina Franklin is an incorporated town located in Franklin Township, within the Nantahala National Forest, in Macon County, North Carolina. As of the 2000 census, the town had a total population of 3,490. It is the county seat of Macon CountyGR6.  
COPYRIGHT 2002 Board of Governors of the Federal Reserve System
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Federal Reserve Board
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2002
Words:297
Previous Article:Resignation of Governor Laurence H. Meyer. (Announcements).(Brief Article)
Next Article:Appointments of new members and the chair and vice chair of the Consumer Advisory Council. (Announcements).



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