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Member News — Bank of New Jersey’s Graves Named to NY Fed’s Community Depository Institutions Advisory Council
October 2nd, 2018

The Federal Reserve Bank of New York today announced the appointment of three new members to its Community Depository Institutions Advisory Council (CDIAC), effective immediately.

Council members are representatives from commercial banks, thrift institutions, and credit unions with assets under $10 billion and headquartered in the Second District (New York, Northern New Jersey, Fairfield County Connecticut, Puerto Rico, and the U.S. Virgin Islands). The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions.

The New York Fed president and first vice president meet with the council twice a year to discuss regional economic and financial conditions, and other issues confronting community depository institutions. The next CDIAC meeting will take place on October 2, 2018.

The following is a list of new council members:

  • Nancy E. Graves , president and CEO of Bank of New Jersey in Englewood Cliffs, NJ
  • Faheem A. Masood, president and CEO of ESL Federal Credit Union in Rochester, NY
  • Avner Mendelson, president and CEO of Bank Leumi in New York, NY

The new council members are replacing members who left or completed terms at the end of 2017, and will serve a three year term.

For more information, including a list of the full membership, visit our webpage on the Community Depository Institutions Advisory Council.

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