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Last Updated: 03/04/08

News Release

Chicago Fed Announces 7th District Advisory Council Members

CHICAGO — The Federal Reserve Bank of Chicago has 12 new members and six returning members of its Seventh District Advisory Council on Agriculture, Small Business, and Labor. All were effective January 1, 2008 and expire on December 31, 2009.

The group is nominated by individuals and organizations representing a broad cross-section of the Midwest economy, along with Chicago Fed senior officials. The Council meets twice a year to provide their views on current business conditions to Chicago Fed president and other senior officials. The purpose of the Council is to promote communication between the Chicago Fed and representatives from business, agriculture, and labor sectors in the Seventh Federal District, which includes most of Illinois, Indiana, Michigan, and Wisconsin, and the entire state of Iowa.

New Council Members

Jeffrey D. Armstrong, Dean and Professor of the College of Agriculture and

Natural Resources, Michigan State University, East Lansing, Michigan.

Michael T. Carrigan, President, AFL-CIO of Illinois, Chicago, Illinois.

Joe Crookham, President and Principal Owner, Musco Corporation and Mahaska Communication Group, Oskaloosa, Iowa.

John L. Howard, Senior Vice President and General Counsel, W.W. Grainger, Inc., Lake, Forest, Illinois.

G. Curtis Lansbery, President, North American Tool Corp., South Beloit, Illinois.

Joseph R. Massa, General Manager, Riverside Casino and Golf Resort, Riverside, Iowa.

Cathy McClelland, President and CEO, Detroit Entrepreneurship Institute, Inc., Detroit, Michigan.

Maria Elena Rodriguez, President, Mexicantown Community Development Corporation, Detroit, Michigan.

Gary Sipiorski, President and CEO, Citizens State Bank of Loyal, Loyal, Wisconsin.

David Terrell, Executive Director, Indiana Office of Community and Rural Affairs, Indianapolis, Indiana.

Siva Yam, President, United States of America-China Chamber of Commerce (USCCC), Chicago, Illinois.

Ken Zeller, President, Indiana State AFL-CIO, Indianapolis, Indiana.

Returning Council Members

William P. Beckett, President and CEO, Chrysalis Packaging and Assembly Corporation (CHRYSPAC), Milwaukee, Wisconsin.

Jack B. Evans, President, The Hall-Perrine Foundation, Cedar Rapids, Iowa.

John D. Hardin, Jr., Hardin Farms, Danville, Indiana.

David Newby, President, Wisconsin State AFL-CIO, Milwaukee, Wisconsin.

Clarence Nixon, Jr., President and CEO, CNC Group, Detroit, Michigan.

Donald Snider, CEO and Owner, Paper-Plas Corporation, Detroit, Michigan.

Federal Reserve Bank of Chicago Background

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, DC, make up the nation's central bank. The Chicago Reserve Bank serves the 7th Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the entire state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.

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