Kloiber, Smith Named to Fed Council

February 16, 2011

Two credit union executives were among 12 people named to the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) for 2011.

They are:

Michael Kloiber, president/CEO of Tinker Federal Credit Union, Tinker Air Force Base, Okla.; and

Randy Smith, president/CEO of Randolph-Brooks Federal Credit Union, Universal City, Texas.

CDIAC provides input to the Fed on the economy, lending conditions, and other issues. Council members were selected from representatives of banks, thrift institutions, and credit unions serving on newly created local advisory councils at the 12 Federal Reserve Banks.

One member of each of the Reserve Bank councils will serve on the CDIAC, which will meet twice a year with the Federal Reserve Board in Washington. The board announced in October that it was forming the CDIAC to replace the Thrift Institutions Advisory Council.

Barrie G. Christman, chairman of Principal Bank in Des Moines, Iowa, will serve as president of CDIAC in 2011, and Howard T. Boyle, president/CEO of Home Savings Bank in Kent, Ohio, will serve as vice president.