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Press Release

Martin G. Morgado Appointed to New York Fed’s Community Depository Institutions Advisory Council

March 26, 2025

NEW YORK—The Federal Reserve Bank of New York today announced the appointment of Martin G. Morgado to its Community Depository Institutions Advisory Council (CDIAC), effective today.

Morgado is president and CEO of Ives Bank, based in Danbury, Connecticut.

The council members are representatives from commercial banks, thrift institutions, and credit unions that are headquartered in the Federal Reserve's Second District and have assets under $10 billion. The purpose of the council is to provide information and insight to the New York Fed from the perspective of community depository institutions. Members of the council serve three-year terms.

The New York Fed's president and first vice president meet with the council twice a year to discuss regional economic and financial conditions and other issues confronting community depository institutions. The next CDIAC meeting will take place March 27.

For more information, including a list of the full membership, see Community Depository Institutions Advisory Council.

Contact
Ellen Simon
(347) 978-3036
Ellen.Simon@ny.frb.org

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