For immediate release

The Federal Reserve Board on Tuesday announced the names of five new members of its Thrift Institutions Advisory Council (TIAC) and designated a new President and Vice President of the Council for 2006.

The Council is an advisory group made up of twelve representatives from thrift institutions. The panel was established by the Board in 1980 and includes members from savings and loans, savings banks, and credit unions. The Council meets three times each year with the Board of Governors to discuss developments relating to thrift institutions, the housing industry, mortgage finance, and certain regulatory issues.

The new Council President for 2006 is Roy M. Whitehead, President and CEO, Washington Federal Savings and Loan, Seattle, Washington. The new Vice President is David Russell Taylor, President and CEO, Rahway Savings Institution, Rahway, New Jersey.

The five new members, named for two-year terms beginning January 1, 2006 are:

Frank E. Berrish
President and CEO
Visions Federal Credit Union
Endicott, New York

Kenneth Koranda
President
Mid America Bank
Downers Grove, Illinois

Arkadi Kuhlmann
Chairman, President and CEO
ING Bank, Federal Savings Bank
Wilmington, Delaware

David Poulsen
President and CEO
American Express Centurion Bank
Salt Lake City, Utah

Steven J. Swiontek
Chairman, President and CEO
Gate City Bank
Fargo, North Dakota

Other TIAC members whose terms continue through 2006 are:

Craig G. Blunden
Chairman, President, and CEO
Provident Savings Bank, FSB
Riverside, CA

Alexander R. M. Boyle
Vice Chairman
Chevy Chase Bank
Bethesda, MD

Robert M. Couch
President and CEO
New South Federal Savings Bank
Birmingham, AL

Jeffrey H. Farver
President and CEO
San Antonio Federal Credit Union
San Antonio, TX

George Jeffrey Records, Jr.
Chairman and CEO
MidFirst Bank
Oklahoma City, OK

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