ABA Members Named to 2018 Fed Advisory Council

The Federal Reserve today announced the members of its 2018 Community Depository Institutions Advisory Council, including two ABA member bank executives who will serve as the panel’s president and vice president.

Gilda Nogueira, president and CEO of East Cambridge Savings Bank, Cambridge, Mass., will be the council’s president. Christopher Maher, president and CEO of OceanFirst Financial Corporation, Toms River, N.J., will serve as vice president. Five other ABA members will also serve on the 2017 council.

The CDIAC advises the Fed on the economy, lending conditions and other issues. Members are selected from representatives of commercial banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. One member from each of those councils serves on the CDIAC, which meets twice a year with the Fed board in Washington.