ABA Members Named to 2019 Fed Advisory Council

The Federal Reserve today announced the members of its 2019 Community Depository Institutions Advisory Council, which includes several ABA member bankers. Christopher D. Maher, president and CEO of OceanFirst Financial Corporation in Toms River, N.J., will be the council’s president. Six other ABA members will also serve on the 2019 council, including former ABA Chairman Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank in Orleans, Mass.

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.