Fed Picks Smith, Kloiber for New Advisory Panel
The Federal Reserve Board, moving quickly this week to fill slots on its newly-formed Community Depository Institutions Advisory Councils, has made two more appointments of credit union CEOs.
Named to the Fed's national CDIAC panel, dominated by regional and community bank CEOs, were Randy Smith, president/CEO of Randolph-Brooks FCU of Universal City, Tex. and Michael Kloiber, president/CEO of Tinker FCU, Oklahoma City.
The Fed said their appointment "will provide input to the board on the economy, lending conditions, and other issues" Members of the panel to meet twice a year in Washington, "were selected from representatives of banks, thrift institutions, and credit unions serving on newly created local advisory councils at the 12 Federal Reserve Banks."