Appointments of new members and designation of the chair and vice chair of the Thrift Institutions Advisory Council

Federal Reserve Bulletin, Winter, 2004

The Federal Reserve Board, on December 1, 2003, announced the names of four new members of its Thrift Institutions Advisory Council (TIAC) and designated a new president and vice president of the council for 2004.

The council is an advisory group made up of twelve representatives from thrift institutions. The panel was established by the Board in 1980 and includes savings and loan, savings bank, and credit union representatives. The council meets three times each year with the Board of Governors to discuss developments relating to thrift institutions, the housing industry, mortgage finance, and certain regulatory issues.

The new council president for 2004 is William J. Small, chairman and CEO, First Federal Bank, Defiance, Ohio. The new vice president is D. Tad Lowrey, chairman, president, and CEO, Jackson Federal Bank, Brea, California.

The four new members, named for two-year terms that began January 1, 2004, are the following:

H. Brent Beesley, chairman and CEO, Heritage Bank, St. George, Utah

Douglas K. Freeman, chairman and CEO, NetBank, Alpharetta, Georgia

David H. Hancock, CEO, North American Savings Bank, Grandview, Missouri

Roy M. Whitehead, president and CEO, Washington Federal Savings, Seattle, Washington

Other TIAC members whose terms continue through 2004 are the following:

Michael J. Brown, Sr., president and CEO, Harbor Federal Savings Bank, Fort Pierce, Florida

Richard J. Driscoll, president, First Savings Bank, FSB, Arlington, Texas

Curtis L. Hage, chairman and CEO, Home Federal Bank, Sioux Falls, South Dakota

Olan O. Jones, Jr., president and CEO, Eastman Credit Union, Kingsport, Tennessee

Kirk Kordeleski, president and CEO, Bethpage Federal Credit Union, Bethpage, New York

George W. Nise, president and CEO, Beneficial Savings Bank, Philadelphia, Pennsylvania