For immediate release

The Federal Reserve Board on Friday announced the names of four new members of its Thrift Institutions Advisory Council and designated a new President and Vice President of the Council for 2002. 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 savings and loan, savings bank, and credit union representatives. 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 President of the Council for 2002 is Mark H. Wright, President and CEO, USAA Federal Savings Bank. The new Vice President is Karen L. McCormick, President and CEO, First Federal Savings and Loan Association, Port Angeles, Washington. The four new members, named for two-year terms beginning January 1, 2002 are: John B. Dicus President Capitol Federal Savings Bank Topeka, KS Kevin E. Pietrini President and CEO Queen City Federal Savings Bank Virginia, MN William J. Small Chairman and CEO First Federal Bank Defiance, OH David L. Vigren President and CEO ESL Federal Credit Union Rochester, NY Council members whose terms continue through 2002 are: Ronald S. Eliason President and CEO Utah Community Federal Credit Union Provo, UT D. R. Grimes Vice Chairman and CEO NetBank Alpharetta, GA James F. McKenna President and CEO North Shore Bank, FSB Brookfield, WI Charles C. Pearson, Jr. Co-Chairman and CEO Waypoint Bank Harrisburg, PA Herbert M. Sandler Chairman and CEO World Savings Bank, FSB Oakland, CA Everett Stiles President and CEO Macon Bank Franklin, NC

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