News Release: Chicago Fed Announces New Members of the Agriculture, Small Business and Labor Advisory Council
Chicago - (June 13, 2016) – The Federal Reserve Bank of Chicago announced 15 new members of its Advisory Council on Agriculture, Small Business and Labor.
Council members serve a two-year term and meet twice a year to provide their views on current business conditions to Chicago Fed President Charles Evans and other senior officials. Input from the Council members on regional economic conditions contributes to the Federal Reserve System’s formulation of national monetary policy. The first meeting of 2016 was held in April.
Council members generally represent private companies, labor organizations, agricultural businesses, academia, and banks throughout the Seventh Federal Reserve District, which consists of most of Illinois, Indiana, Wisconsin, and Michigan, as well as Iowa.
For more information about the Advisory Council on Agriculture, Small Business and Labor, along with a complete list of council members, click here.
The following is a list of new members of the Advisory Council on Agriculture, Small Business and Labor:
Assured Healthcare Staffing
Association for Corporate Growth
William (Bill) Phelan
Tool Steel Service, Inc.
Blue Prairie Brands, LLC
Brian K. Acton
BMWC Constructors, Inc.
Indiana Municipal Power Agency
Larry Wappel, Sr.
Wappel Grain & Herb LLC
Michael (Mick) K. Guttau
Treynor State Bank
Todd & Sargent
Group VP, Public Affairs and Communications
Vice Chair and Co-owner
AIS Construction Equipment Corp.
Wisconsin Housing and Economic Development Authority (WHEDA)
Esther R. López
United Food and Commercial Workers International Union
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 Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the 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.