Bank welcomes new external advisory council members
Council members provide local insight on economic conditions
The Federal Reserve Bank of Boston is adding new members to its three external advisory councils. The councils include the New England Advisory Council (NEAC), the Community Depository Institutions Advisory Council (CDIAC), and the New England Community Development Advisory Council (CDAC).
Each council provides the Bank’s senior leadership with insight and knowledge on economic conditions throughout the Federal Reserve’s First District.
New England Advisory Council (NEAC)
The NEAC is comprised of small- to mid-sized business leaders who provide first-hand accounts of economic conditions in their own regions. NEAC members share their perspectives on a range of topics, including business conditions, employment, wages, and capital spending. The NEAC meets quarterly with the Boston Fed president and senior leaders.
- Rohan Freeman, founder and president, Freeman Companies, LLC; CT
- Alberto Aguilar, CEO and president, Carris Reels; VT
Community Depository Institutions Advisory Council (CDIAC)
The CDIAC meets twice annually to advise the Bank on the economy and lending conditions, among other issues. The 12 members of this council represent different financial institutions, including commercial banks and thrifts, and credit unions. Members represent all six New England States.
- James “Jim” Kisch, president and chief executive officer, Passumpsic Savings Bank; NH and VT
- Edward F. Manzi, Jr., chairman and chief executive officer, Fidelity Cooperative Bank; MA
- Deb Stephenson, president and chief executive officer, Brattleboro Savings & Loan; VT
- Anne P. Tangen, president and chief executive officer, BankFive; MA
New England Community Development Advisory Council (CDAC)
The CDAC informs the Boston Fed president about activities, issues, and barriers to community development. It also advises the Bank on how it can support community development efforts in the region. It is comprised of organizations from the private, public, and nonprofit sectors. The total number of members is not limited. Members serve a three-year term, while representatives from the largest banking institutions serve a one-year term.
- John L. Cox, president, Cape Cod Community College; MA
- Leslie Reid, chief executive officer, Madison Park Development Corporation; MA
- Mirellise Vasquez, executive director, The Connecticut Project; CT