Riley joins the
Federal Advisory Council as one of its 12 members.
Research shows that monetary policy is responsive to signals from the banking industry as reflected in the directives issued every three months by the
Federal Advisory Council (see Havrilesky, 1993, 1990; Froyen et al., 1993).
First Republic Bank (NYSE: FRC), a private bank and wealth management company, has said that its chairman and CEO (founder) Jim Herbert has been reappointed for a second term by the Federal Reserve Bank of San Francisco's board of directors to represent the District on the
Federal Advisory Council.
Greig has also served as a director of the Federal Reserve Bank of Cleveland and as a member of the Federal Reserve's
Federal Advisory Council, including as vice president of the Council in 2016.
Turner, president, CEO, and a director of WSFS Financial Corporation and WSFS Bank in Wilmington, DE, to represent the Third Federal Reserve District on the
Federal Advisory Council for 2016.
To help ensure that commercial bankers' concerns would be heard, the act established the
Federal Advisory Council, consisting of one representative from each Reserve District elected by the member banks of that District, who acted as the banks' representatives to the Board.
M2 EQUITYBITES-April 20, 2018-First Republic Bank chairman/CEO appointed to Federal Reserve's
Federal advisory councilGlobal Banking News-April 13, 2018--First Republic executive named to Federal Reserve System's
Federal Advisory CouncilStumpf has quit as the San Francisco bank district's representative to the
Federal Advisory Council and the resignation is effective Thursday.