For immediate release

The Federal Reserve Board today announced the names of seven new members of its Thrift Institutions Advisory Council (TIAC) and designated a new President and Vice President of the Council for 1997. 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 at least four 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 1997 is David F. Holland, Chairman, President, and CEO, Boston Federal Savings Bank, Burlington, Massachusetts. The new Vice President is Charles R. Rinehart, Chairman and CEO, Home Savings of America, FSB, Irwindale, California. The seven new members, named for two-year terms beginning January 1, are: David E. A. Carson Chairman, President, and CEO People's Bank Bridgeport, Connecticut William A. Fitzgerald Chairman and CEO Commercial Federal Bank Omaha, Nebraska Stephen D. Hailer President and CEO North Akron Savings Association Akron, Ohio Edward J. Molnar President and CEO Harleysville Savings Bank Harleysville, Pennsylvania Guy C. Pinkerton Chairman, President, and CEO Washington Federal Savings & Loan Association Seattle, Washington Terry R. West President and CEO JAX Navy Federal Credit Union Jacksonville, Florida Frederick Willetts, III President and CEO Cooperative Bank for Savings, Inc., SSB Wilmington, North Carolina Return to top

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