Cleveland Fed Announces Appointments to its Community Depository Institutions Advisory Council

The Federal Reserve Bank of Cleveland has appointed the following individuals to the Bank’s Community Depository Institutions Advisory Council (CDIAC), effective June 1, 2014.

Steve Behler
President and Chief Executive Officer
Kemba Credit Union
West Chester, OH

Diane Hoops
President and Chief Executive Officer
The Corn City State Bank
Deshler, OH

Ronald J. Seiffert
President and Chief Executive Officer
The Delaware County Bank and Trust Company
Lewis Center, OH

Paul S. Siebenmorgen
President and Chief Executive Officer
The Farmers and Merchants State Bank
Archbold, OH

The council is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District. A complete list of the CDIAC members can be found here.

The council provides information and insight to the Cleveland Reserve Bank from the perspective of community depository institutions. Council members meet with senior Bank leaders at least twice yearly.  These meetings provide anecdotal information that is useful in the consideration of monetary policy direction and economic research activities.

About the Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As part of the nation’s central bank, the Cleveland Fed participates in the formulation of U.S. monetary policy, supervises banking organizations, provides payment and other services to financial institutions and the U.S. Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For more information, go to www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).