Coleman Among One of Four New Members Named To Community Depository Institutions Advisory Council
Edmonson Voice Report:
Michelle Coleman, CEO of Bank of Edmonson County has been been appointed to the Community Depository Institutions Advisory Council (CDIAC) by The Federal Reserve Bank of St. Louis, along with three other new members, which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities.
Mrs. Coleman was asked her thoughts on being named to the prestigious council.
“I felt like this was a fantastic opportunity to bring very specific everyday economics and what small town consumers and businesses face to regional Federal Reserve Bank board members," she said. "My goal is to make a positive impact on financial policies that are hampering local economies. This council helps those voices to be heard and hopefully ease burdens that prevent consumers and their communities from being effectively served in rural America.”
The other new members who will serve three-year terms starting in 2022 are:
Established in 2011, the St. Louis Fed’s CDIAC comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. The council meets twice a year at the Federal Reserve Bank of St. Louis, with this year’s meetings scheduled for March 17-18 and Oct. 18-19. The chair of the CDIAC also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.