The Federal Reserve Bank of Cleveland announced the appointment of 42 new members to its advisory councils, expanding its network of business, civic, and community leaders used to gather near real-time information on regional economic and business conditions in the Fourth Federal Reserve District. The intake includes 17 members for a newly established Shenango-Mahoning Valley Business Advisory Council covering parts of eastern Ohio and western Pennsylvania. The appointments span multiple Business Advisory Councils across the District, alongside new members for the Community Advisory Council, which focuses on economic trends affecting low- and moderate-income individuals and communities, and the Community Depository Institutions Advisory Council. The Community Depository Institutions Advisory Council is composed of leaders from commercial banks, thrifts and savings banks, and credit unions with assets of less than USD 10 billion.
Federal Reserve Bank of Cleveland 2025-02-03
Federal Reserve Bank of Cleveland appoints 42 new advisory council members and creates Shenango-Mahoning Valley Business Advisory Council
The Federal Reserve Bank of Cleveland appointed 42 new members to its advisory councils, including 17 for the newly established Shenango-Mahoning Valley Business Advisory Council. These appointments enhance the bank's ability to gather real-time economic insights across the Fourth Federal Reserve District, with a focus on business, community, and economic trends affecting low- and moderate-income individuals.