St. Louis Fed Names NLR Developer to Industry Council


St. Louis Fed Names NLR Developer to Industry Council

Lisa Ferrell of North Little Rock has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.

She is the founder, CEO and president of North Bluffs Development Corp. in North Little Rock, the developer of Rockwater Village.

The St. Louis Fed said it created four district industry councils in 2006, each designed to provide it with important feedback regarding economic conditions within a key eighth district industry sector.

The St. Louis Fed said members' observations — along with the economic data and information developed through the Federal Reserve Board's Beige Book and meetings of the Reserve Bank's boards of directors — help ensure that conditions of Main Street America are represented in monetary policy deliberations in Washington.

Each council is supported by one of four of the Reserve Bank's offices: St. Louis (real estate); Little Rock (agribusiness); Louisville, Kentucky (health care); and Memphis (transportation). The councils meet twice a year.