BATON ROUGE, La. - (11/12/04) Carol Daigle Michelli, 63, presidentand CEO of LES Federal Credit Union, has died. Carol will begreatly missed by the credit union community. She was very specialto everyone that knew her, said Anne Cochran, president ofthe Louisiana league. In 2002 Michelli was honored with theLCULs Professional of the Year award, and had been with LESFCU for more than 30 years. She was active in a variety of causesand volunteer roles. In lieu of flowers, donations can be made inCarols name to Mary Bird Cancer Center , Attn: DevelopmentOffice, 4950 Essen Lane, Baton Rouge, LA 70809.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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