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Wilmington Trust CEO Appointed to Federal Advisory Council.


WILMINGTON, Del. -- Wilmington Trust Corporation (NYSE:WL) announced that Chairman and Chief Executive Officer Ted T. Cecala has been appointed to the Federal Advisory Council
Federal Advisory Council (FAC)
Advisory group made up of one representative (in most cases a banker) from each of the 12 Federal Reserve districts. Established by the Federal REserve Act, the council meets periodically with the Board of Governors to discuss business and financial conditions and make recommendations.
. The Federal Advisory Council consults with and advises the Federal Reserve Board of Governors on financial matters, including the national economy, the financial services industry's view on regulatory issues, proposed regulations, and the health of the financial services industry.

The Council meets quarterly with the Board of Governors in Washington, D.C. and is composed of 12 representatives of the financial services industry who typically serve three one-year terms. Each of the Federal Reserve Banks
Federal Reserve Bank
The banks that carry out Fed operations, including controlling the money supply and regulating member banks. There are 12 District Feds, headquartered in Boston, New York, Philadelphia, Cleveland, St. Louis, San Francisco, Richmond, Atlanta, Chicago, Minneapolis, Kansas City, and Dallas.

Notes:
These banks are the operating arms of the central bank.
 appoints one person to the Council from the many local institutions in its district. Mr. Cecala represents the Philadelphia Federal Reserve Bank and the Third Federal Reserve District, including eastern Pennsylvania, southern New Jersey, and Delaware.

"I am honored to represent the Philadelphia Fed and the Third District on the Federal Advisory Council," Mr. Cecala said. "I look forward to serving with other members of the Council and providing the Fed's Board of Governors with guidance on important economic and policy issues."

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Federal Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Wilmington Trust Corporation (NYSE:WL) is a financial services holding company that provides wealth management and specialized corporate services to clients throughout the United States and in many other countries, and commercial banking services throughout the Delaware Valley region. Its wholly owned bank subsidiary, Wilmington Trust Company, was founded in 1903 and is the 15th largest personal trust provider in the United States as well as the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in California, Delaware, Florida, Georgia, Maryland, Nevada, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, and Dublin. For more information, visit www.wilmingtontrust.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Feb 7, 2006
Words:362
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