James T. Ferstl of Little Rock has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis, the bank announced Thursday.
Ferstl is the president of Ferstl Valuation Services in Little Rock, a real estate valuation and consulting firm.
The St. Louis Fed created four District Industry Councils in 2006, each designed to provide feedback regarding economic conditions within an Eighth District industry sector. The members' observations, along with economic data and information developed through the Beige Book and meetings of the Reserve Bank's boards of directors, help inform 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, Ky. (health care); and Memphis, Tenn. (transportation). The councils meet twice a year.