Gilliam named to advisory council

Published 2:42 pm Thursday, December 31, 2020

The Federal Reserve Board announced Thursday, Dec 17, that Dabney T.P. Gilliam, Jr. president and chief executive officer of The Bank of Charlotte County has been named to the

Community Depository Institutions Advisory Council (CDIAC).

The CDIAC advises the Federal Reserve Board on the economy, lending conditions, and other issues of interest to community depository institutions.

The (CDIAC) was established in 2010 by the Board of Governors to provide input to the board on the economy, lending conditions, and other issues of interest to community depository institutions. Unlike the Federal Advisory Council, CDIAC is not a statutory body, but it performs a parallel function in providing first-hand input to the board on the economy, lending conditions, and other issues. Members are selected from representatives of banks, thrift institutions, and credit unions serving on newly created local advisory councils at the 12 Federal Reserve Banks.