The Federal Reserve Bank of St. Louis has appointed Gary Hudson, president and CEO of Farmers and Merchants Bank in Stuttgart, to the Community Depository Institutions Advisory Council.
Hudson has been appointed to a two-year term ending in 2019. Stuttgart is part of the Little Rock Zone of the Federal Reserve’s Eighth District.
Members of the 12-person advisory council, established by the St. Louis Fed in 2011, are executives of smaller financial institutions headquartered across the district.
Council members advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and local communities. Additionally, the chair of the CDIAC has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.