SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest member of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), as well as a new chair, effective January 1, 2024.
The CDIAC’s newest member is:
Jeff Newgard
Chairman, President and Chief Executive Officer
Bank of Idaho
Idaho Falls, Idaho
In addition, a new CDIAC chair has been appointed for 2024:
Catherine Ngo
Chair
Central Pacific Financial Corp
Honolulu, Hawaii
About the Community Depository Institutions Advisory Council
Established in 2010 by the Board of Governors, the Community Depository Institutions Advisory Council (CDIAC) is a group that represents banks, thrift institutions, and credit unions of various sizes within the Twelfth District. The council provides input to the Bank’s senior leadership on a variety of topics, including economic and banking conditions, regulatory policies, payment issues, and other issues of interest to community depository institutions.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.