Appointment Of New Members, President, And Vice President To The Thrift Institutions Advisory Council

Federal Reserve Bulletin, Feb, 2001

The Federal Reserve Board on December 22, 2000, announced the names of seven new members of its Thrift Institutions Advisory Council (TIAC) and designated a new president and vice president of the council for 2001.

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 at least 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 2001 is Thomas S. Johnson, Chairman find CEO, GreenPoint Bank, New York, New York. The new vice president is Mark H. Wright, President and CEO, USAA Federal Savings Bank, San Antonio, Texas.

The seven new members, named for two-year terms beginning January 1, are the following:

Ronald S. Eliason, President and CEO, Utah Community Federal Credit Union, Provo, Utah

D.R. Grimes, Vice President and CEO, NetBank, Alpharetta, Ga., and Charlotte, N.C.

Karen L. McCormick, President and CEO, First Federal Savings and Loan Association, Port Angeles, Wash.

James F. McKenna, President and CEO, North Shore Bank, FSB, Brookfield, Wis.

Charles C. Pearson, Jr., Co-Chairman and CEO, Waypoint Bank, Harrisburg, Pa.

Herbert M. Sandler, Chairman and CEO, World Savings Bank, FSB, Oakland, Calif.

Everett Stiles, President and CEO, Macon Bank, Franklin, N.C.

Other TIAC members whose terms continue through 2001 are the following:

Tom R. Dorety, President and CEO, Suncoast Schools Federal Credit Union, Tampa, Fla.

Cornelius D. Mahoney, Chairman, President, and CEO, Woronoco Savings Bank, Westfield, Mass.

Clarence Zugelter, President, CEO, and Chairman of the Board, First Federal Bank, F.S.B., Kansas City, Mo.