Setser Joins St. Louis Fed's Real Estate Industry Council

ST. LOUIS — Melissa Setser of St. Louis has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. Setser is the senior vice president of portfolio management at The DESCO Group.

The St. Louis Fed created four District Industry Councils in 2006, each designed to provide important feedback about economic conditions in key Eighth District industry sectors. The 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 board of directors—help ensure conditions in Main Street America are represented in monetary policy deliberations in Washington.

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