Corn City State Bank’s Diane Hoops reappointed to Federal Reserve Bank of Cleveland’s Community Depository Institutions Advisory Council
Diane M. Hoops, chair, president, and chief executive officer of the Corn City State Bank, Deshler, Ohio, has been appointed to a second term on the Federal Reserve Bank of Cleveland's Community Depository Institutions Advisory Council (CDIAC).
Hoops was originally appointed to the council in 2015 for a three-year term. She was recently reappointed for an additional three-year term.
The Community Depository Institutions Advisory Council is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District, an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
Council members meet with Reserve Bank leaders at least twice yearly and provide anecdotal information that is useful to the Cleveland Fed in the consideration of monetary policy and economic research activities.
Hoops is one of eleven members who currently make up the Cleveland Reserve Bank's CDIAC. Find the complete list of council members here.
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 DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US 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.
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