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 2001. 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 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 2001 is Thomas S. Johnson, Chairman and CEO, GreenPoint Bank, New York, New York. The new Vice President is Mark H. Wright, President and CEO, USAA Federal Savings Bank, San Antonio, Texas. The seven new members, named for two-year terms beginning January 1, are: Ronald S. Eliason President and CEO Utah Community Federal Credit Union Provo, UT D.R. Grimes Vice President and CEO NetBank Alpharetta, GA Charlotte, North Carolina Karen L. McCormick President and CEO First Federal Savings and Loan Association Port Angeles, WA 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 Evertt Stiles President and CEO Macon Bank Franklin, NC Other TIAC members whose terms continue through 2001 are: Tom R. Dorety President and CEO Suncoast Schools Federal Credit Union Tampa, FL Cornelius D. Mahoney Chairman, President, and CEO Woronoco Savings Bank Westfield, MA Clarence Zugelter President, CEO, and Chairman of the Board First Federal Bank, F.S.B. Kansas City, MO

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