Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: December 27, 1996


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

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