Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.
Credit union CEOs from Oregon to New Hampshire were picked for the newly created Community Depository Institutions Advisory Councils, and many of the CU leaders are ready to take on a more vigorous advocacy role with debit interchange a hot button before the central bank.
At the same time, there were skeptics among the CEOs about how much might be accomplished during the infrequent meetings of the panels that will be set up at both the national level in Washington and at the regional banks.
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