ST. LOUIS (2/28/11)--The Federal Reserve Bank of St. Louis announced the appointment of 12 executives of smaller financial institutions--including two credit union CEOs--to the bank’s new Community Depository Institutions Advisory Council (CDIAC). Glenn Barks, CEO, First Community CU, Chesterfield, Mo., and William J. Rissel, president/CEO, Fort Knox FCU, Radcliffe, Ky., were appointed to three-year and two-year terms, respectively. The council, drawn from communities across the Eighth District, will meet twice a year at the St. Louis Fed to advise President James Bullard on local credit, banking and economic conditions. The Eighth District includes the state of Arkansas, and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. “Community financial institutions are vital in creating and sustaining economic growth in our nation’s communities,” said Bullard. “As a key source of credit for small businesses, these institutions provide an important perspective on the relative health of the U.S. economy. “The 12 appointees to our council are leaders in their communities and bring with them a diverse range of backgrounds and experiences that will help us paint a more complete economic picture of our region,” he added. The St. Louis Fed CDIAC will hold its inaugural meeting March 1-2.