The Federal Reserve Bank of New York announced the appointment of Martin G. Morgado, president and chief executive officer of Ives Bank, to the New York Fed’s Community Depository Institutions Advisory Council (CDIAC), effective immediately. CDIAC comprises representatives from commercial banks, thrift institutions, and credit unions headquartered in the Federal Reserve’s Second District with assets under USD 10 billion, and provides the New York Fed with insight from the perspective of community depository institutions. Members serve three-year terms, and the New York Fed’s president and first vice president meet with the council twice a year; the next meeting is scheduled for March 27.
Federal Reserve Bank of New York 2025-03-26
Federal Reserve Bank of New York appoints Martin G Morgado to its Community Depository Institutions Advisory Council
The Federal Reserve Bank of New York appointed Martin G. Morgado, president and CEO of Ives Bank, to its Community Depository Institutions Advisory Council (CDIAC). CDIAC includes representatives from commercial banks, thrift institutions, and credit unions in the Second District with assets under USD 10 billion, offering insights to the New York Fed. Members serve three-year terms, with biannual meetings with the New York Fed's leadership.