Wilmington Trust CEO Appointed to Federal Advisory Council.WILMINGTON, Del. -- Wilmington Trust Wilmington Trust (NYSE: WL) was founded on July 8, 1903) as a banking, trust, and safe deposit company by DuPont president T. Coleman du Pont. He opened the business in the dining room and parlor of a former private residence at 915 Market Street in Wilmington, Delaware with a Corporation (NYSE NYSE See: New York Stock Exchange :WL) announced that Chairman and Chief Executive Officer Ted T. Cecala has been appointed to the Federal Advisory Council. The Federal Advisory Council consults with and advises the Federal Reserve Board of Governors on financial matters, including the national economy, the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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 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 Federal Reserve District (Reserve district or district) One of the twelve geographic regions served by a Federal Reserve Bank. , 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 The Federal Reserve Bank of Philadelphia, headquartered in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which covers eastern Pennsylvania, southern New Jersey, and Delaware. 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 Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pennsylvania, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Vermont, the Cayman Islands, the Channel Islands, London, and Dublin. For more information, visit www.wilmingtontrust.com. |
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