14612_1990-1994

266 77th Annual Report, 1990

Board of Governors of the Federal Reserve SystemDecember 31,1990

Term expiresALAN GREENSPAN of New York, Chairman1 January31,1992MARTHA R. SEGER of Michigan January 31,1998WAYNE D. ANGELL of Kansas January 31,1994EDWARD W. KELLEY, JR., of Texas January 31,2004JOHN P. LAWARE of Massachusetts January 31,2002DAVID W. MULLINS JR., of Missouri January 31,1996VACANCY January 31,2000

OFFICE OF BOARD MEMBERS OFFICE OF THE SECRETARY

Joseph R. Coyne, Assistant to the Board William W. Wiles, SecretaryDonald J. Winn, Assistant to the Board Jennifer J. Johnson, Associate SecretaryBob Stahly Moore, Special Assistant Barbara R. Lowrey, Associate Secretary

to the BoardDiane E. Werneke, Special Assistant to T DTVTSTON

Board for Congressional Liaison LEGAL U I V I S I O N

J. Virgil Mattingly, Jr., General CounselDIVISION OF MONETARY AFFAIRS

Donald L. Kohn, Director O l i v e r I r e k n d Msociate &,„„„{David E. Lindsey, Deputy Director CounselBrian F. Madigan, Assistant Director Ricki R. Tigert, Associate General CounselRichard D. Porter, Assistant Director Scott G. Alvarez, Assistant General CounselNormand R. V. Bernard, Special Assistant MaryEllen A. Brown, Assistant

to the Board to tne General Counsel

OFFICE OF STAFF DIRECTOR

FOR MANAGEMENT

S. David Frost, Staff DirectorWilliam C. Schneider, Jr., Project DirectorPortia W. Thompson, Equal Employment

Opportunity Programs Officer

OFFICE OF STAFF DIRECTOR FOR

FEDERAL RESERVE BANK ACTIVITIES

Theodore E. Allison, Staff Director

OFFICE OF THE EXECUTIVE

DIRECTOR FOR INFORMATION

RESOURCES MANAGEMENT

Allen E. Beutel, Executive DirectorStephen R. Malphrus, Deputy Executive

DirectorMarianne M. Emerson, Assistant DirectorEdward T. Mulrenin, Assistant Director

DIVISION OF RESEARCH

AND STATISTICS

Michael J. Prell, DirectorEdward C. Ettin, Deputy DirectorThomas D. Simpson, Associate DirectorLawrence Slifman, Associate DirectorDavid J. Stockton, Associate DirectorMartha Bethea, Deputy

Associate DirectorPeter A. Tinsley, Deputy

Associate DirectorMyron L. Kwast, Assistant DirectorPatrick M. Parkinson, Assistant DirectorMartha S. Scanlon, Assistant DirectorJoyce K. Zickler, Assistant DirectorLevon H. Garabedian, Assistant Director

(Administration)

1. The designation as Chairman expires on August 10,1991, unless the services of this member of the Board shallhave terminated sooner. The designation of Vice Chairmanhad not been assigned as of Dec. 31,1990.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1990

Directories and Meetings 267

DIVISION OF INTERNATIONAL FINANCE

Edwin M. Truman, Staff DirectorLarry J. Promisel, Senior

Associate DirectorCharles J. Siegman, Senior

Associate DirectorDavid H. Howard, Deputy

Associate DirectorRobert F. Gemmill, Staff AdviserDonald B. Adams, Assistant DirectorDale W. Henderson, Assistant DirectorPeter Hooper, III, Assistant DirectorKaren H. Johnson, Assistant DirectorRalph W. Smith, Jr., Assistant Director

DIVISION OF FEDERAL RESERVE BANK

OPERATIONS AND PAYMENT SYSTEMS

ClydeH. Farnsworth, Jr., DirectorDavid L. Robinson, Deputy DirectorBruce J. Summers, Deputy Director2

Charles W. Bennett, Assistant DirectorJack Dennis, Jr., Assistant DirectorEarl G. Hamilton, Assistant DirectorJohn H. Parrish, Assistant DirectorLouise L. Roseman, Assistant DirectorFlorence M. Young, Assistant Director

DIVISION OF BANKING SUPERVISIONAND REGULATION

William Taylor, Staff DirectorDon E. Kline, Associate DirectorFrederick M. Struble, Associate DirectorWilliam A. Ryback, Deputy

Associate DirectorStephen C. Schemering, Deputy

Associate DirectorRichard Spillenkothen, Deputy

Associate DirectorHerbert A. Biern, Assistant DirectorJoe M. Cleaver, Assistant DirectorRoger T. Cole, Assistant DirectorJames I. Garner, Assistant DirectorJames D. Goetzinger, Assistant DirectorMichael G. Martinson, Assistant DirectorRobert S. Plotkin, Assistant DirectorSidney M. Sussan, Assistant DirectorLaura M. Homer, Securities Credit Officer

DIVISION OF CONSUMER

AND COMMUNITY AFFAIRS

Griffith L. Garwood, DirectorGlenn E. Loney, Assistant DirectorEllen Maland, Assistant DirectorDolores S. Smith, Assistant Director

DIVISION OF H U M A N


David L. Shannon, DirectorJohn R. Weis, Associate DirectorAnthony V. DiGioia, Assistant DirectorJoseph H. Hayes, Jr., Assistant DirectorFred Horowitz, Assistant Director

DIVISION OF SUPPORT SERVICES

Robert E. Frazier, DirectorGeorge M. Lopez, Assistant DirectorDavid L. Williams, Assistant Director

OFFICE OF THE CONTROLLER

George E. Livingston, ControllerStephen J. Clark, Assistant ControllerDarrell R. Pauley, Assistant Controller

DIVISION OF HARDWARE

AND SOFTWARE SYSTEMS

Bruce M. Beardsley, DirectorDay W. Radebaugh, Assistant DirectorElizabeth B. Riggs, Assistant Director

DIVISION OF APPLICATIONSDEVELOPMENT AND STATISTICALSERVICES

William R. Jones, DirectorRobert J. Zemel, Associate DirectorPokyung Kim, Assistant DirectorRaymond H. Massey, Assistant DirectorRichard C. Stevens, Assistant Director

OFFICE OF THE INSPECTOR GENERAL

Brent L. Bowen, Inspector GeneralBarry R. Snyder, Assistant Inspector

General

2. On loan from Federal Reserve Bank of Richmond.


1990



Term expiresALAN GREENSPAN of New York, Chairmanl January 31, 1992DAVID W. MULLINS, JR., of Arkansas, Vice Chairmanl January 31, 2000SUSAN M. PHILLIPS of Iowa January 31, 1998WAYNE D. ANGELL of Kansas January 31, 1994LAWRENCE B. LINDSEY of Virginia January 31, 2000EDWARD W. KELLEY, JR., of Texas January 31, 2004JOHN P. LAWARE of Massachusetts January 31, 2002

OFFICE OF BOARD MEMBERS DIVISION OF CONSUMER

Joseph R. Coyne, Assistant to the Board AND COMMUNITY AFFAIRSDonald J. Winn, Assistant to the Board Griffith L. Garwood, DirectorTheodore E. Allison, Assistant to the Board Glenn E. Loney, Assistant Director

for Federal Reserve System Affairs Ellen Maland, Assistant DirectorBob Stahly Moore, Special Assistant Dolores S. Smith, Assistant Director

to the BoardDiane E. Werneke, Special Assistant ^ „ o

to the Board DIVISION OF BANKING SUPERVISIONAND REGULATION

Richard Spillenkothen, DirectorLEGAL DIVISION Stephen C. Schemering, Deputy DirectorJ. Virgil Mattingly, Jr., General Counsel D o n £ j ^ Associate Director

Scott G. Alvarez, Associate General Frederick M. Struble, Associate DirectorCounsel « r - « - A « i i A - ^>n- u .j w A L* A • William A. Ryback, Associate DirectorRichard M. Ashton, Associate __ . . _ / . . _.General Counsel H e r b e r t A« B i e m ' Assistant Director

Oliver Ireland, Associate General R °g e r T- C o l e ' distant DirectorCounsel James I. Garner, Assistant Director

Ricki R. Tigert, Associate General Counsel James D. Goetzinger, Assistant DirectorKathleen M. O'Day, Assistant General Michael G. Martinson, Assistant Director

Counsel Robert S. Plotkin, Assistant DirectorMaryEllen A. Brown, Assistant Sidney M. Sussan, Assistant Director

to the General Counsel L a u r a M Homer, Securities Credit Officer

OFFICE OF THE SECRETARY

William W. Wiles, SecretaryJennifer J. Johnson, Associate SecretaryBarbara R. Lowrey, Associate SecretaryRichard C. Stevens, Assistant Secretary2

1. The Chairman is currently serving under a recessappointment which will expire at the end of the 102dCongress. The designation of Vice Chairman expires onJuly 24, 1995, unless the service of this member of theBoard shall have terminated sooner.

2. On loan from the Division of Information Re-




Associate DirectorDale W. Henderson, Associate DirectorDavid H. Howard, Senior AdviserDonald B. Adams, Assistant DirectorPeter Hooper III, Assistant DirectorKaren H. Johnson, Assistant DirectorRalph W. Smith, Jr., Assistant Director


1991



AND STATISTICS

Michael J. Prell, DirectorEdward C. Ettin, Deputy DirectorWilliam P. Jones, Associate DirectorThomas D. Simpson, Associate DirectorLawrence Slifman, Associate DirectorDavid J. Stockton, Associate DirectorMartha Bethea, Deputy


Associate DirectorMyron L. Kwast, Assistant DirectorPatrick M. Parkinson, Assistant DirectorMartha S. Scanlon, Assistant DirectorJoyce K. Zickler, Assistant DirectorLevon H. Garabedian, Assistant Director

(Administration)

DIVISION OF MONETARY AFFAIRS

Donald L. Kohn, DirectorDavid E. Lindsey, Deputy DirectorBrian F. Madigan, Assistant DirectorRichard D. Porter, Assistant DirectorNormand R.V. Bernard, Special Assistant

to the Board

OFFICE OF THE INSPECTOR GENERALBrent L. Bowen, Inspector GeneralBarry R. Snyder, Assistant Inspector

General


FOR MANAGEMENT

S. David Frost, Staff DirectorWilliam C. Schneider, Jr., Project DirectorPortia W. Thompson, Equal Employment






DIVISION OF INFORMATION


Stephen R. Malphrus, DirectorBruce M. Beardsley, Deputy DirectorRobert J. Zemel, Senior AdvisorMarianne M. Emerson, Assistant DirectorPo Kyung Kim, Assistant DirectorRaymond H. Massey, Assistant DirectorEdward T. Mulrenin, Assistant DirectorDay W. Radebaugh, Jr., Assistant DirectorElizabeth B. Riggs, Assistant Director



Clyde H. Farnsworth, Jr., DirectorDavid L. Robinson, Deputy Director

(Finance and Control)Bruce J. Summers, Deputy Director

(Payments and Automation)*Charles W. Bennett, Assistant DirectorJack Dennis, Jr., Assistant DirectorEarl G. Hamilton, Assistant DirectorJeffrey C. Marquardt, Assistant DirectorJohn H. Parrish, Assistant DirectorLouise L. Roseman, Assistant DirectorFlorence M. Young, Assistant Director

DIVISION OF HUMAN



3. On loan from Federal Reserve Bank of Richmond.


1991



Members Term expiresALAN GREENSPAN of New York, Chairmanl January 31, 2006DAVID W. MULLINS, JR., of Arkansas, Vice Chairman1 January 31, 1996WAYNE D. ANGELL of Kansas January 31, 1994

SUSAN M. PHILLIPS of Iowa January 31, 1998

LAWRENCE B. LINDSEY of Virginia January 31, 2000JOHN P. LAWARE of Massachusetts January 31, 2002EDWARD W. KELLEY, JR., of Texas January 31, 2004

OfficersOFFICE OF BOARD MEMBERS DIVISION OF CONSUMER

Joseph R. Coyne, Assistant to the Board AND COMMUNITY AFFAIRSDonald J. Winn, Assistant to the Board Griffith L. Garwood, DirectorTheodore E. Allison, Assistant to the Board Glenn E. Loney, Associate Director

for Federal Reserve System Affairs Dolores S. Smith, Associate DirectorBob Stahly Moore, Special Assistant Maureen P. English, Assistant Director

to the Board I r e n e s McNulty, Assistant DirectorLynn Fox, Special Assistant to the Board

D I V I S I O N O F B A N K I N G SUPERVISION

Diane E. Werneke, Special Assistant A N D REGULATIONto the Board Richard Spillenkothen, Director

Stephen C. Schemering, Deputy DirectorLEGAL DIVISION ° ° " E - ^ ^ ^ c i a t e Director, ... .. . . . . T „ .„ , Frederick M. Struble, Associate DirectorJ. Virgil Mattingly, Jr., General Counsel ___.„. . _ , . . . _ .c u ! , A1 , . „ , William A. Ryback, Associate DirectorScott G. Alvarez, Associate General __ , . _ / _

Counsel Herbert A. Biern, Deputy AssociateRichard M. Ashton, Associate _ ire(LO1L . ^ A ^ .

General Counsel R ° g e r T- C o l e ' DePu*y Associate DirectorOliver Ireland, Associate General J a m e s L G a m e r ' DePuty Associate Director

Counsel Howard Amer, Assistant DirectorKathleen M. O'Day, Associate General Gerald A. Edwards, Jr., Assistant Director

Counsel James D. Goetzinger, Assistant DirectorMaryEllen A. Brown, Assistant Laura M. Homer, Assistant Director

to the General Counsel J a m e s v . Houpt, Jr., Assistant DirectorJack P. Jennings, Assistant Director

OFFICE OF THE SECRETARY Michael G. Martinson, Assistant DirectorWilliam W. Wiles, Secretary Rhoger H Pugh, Assistant DirectorJennifer J. Johnson, Associate Secretary Sidney M. Sussan, Assistant DirectorBarbara R. Lowrey, Associate Secretary Molly S. Wassom, Assistant DirectorEllen Maland, Assistant Secretary

1. The designations as Chairman and Vice Chairmanexpire on March 2, 1996, and July 22, 1995, respectively,unless the service of these members of the Board shallhave terminated sooner.


1992







AND STATISTICS

Michael J. Prell, DirectorEdward C. Ettin, Deputy DirectorWilliam R. Jones, Associate DirectorThomas D. Simpson, Associate DirectorLawrence Slifman, Associate DirectorDavid J. Stockton, Associate DirectorMartha Bethea, Deputy


Associate DirectorMyron L. Kwast, Assistant DirectorPatrick M. Parkinson, Assistant DirectorMartha S. Scanlon, Assistant DirectorJoyce K. Zickler, Assistant DirectorJohn J. Mingo, AdviserLevon H. Garabedian, Assistant Director

(Administration)


Donald L. Kohn, DirectorDavid E. Lindsey, Deputy DirectorBrian F. Madigan, Assistant DirectorRichard D. Porter, Assistant DirectorNormand R.V. Bernard, Special Assistant

to the Board


FOR MANAGEMENT

S. David Frost, Staff DirectorWilliam C. Schneider, Jr., Project Director,

National Information CenterPortia W. Thompson, Equal Employment


DIVISION OF HUMAN









Stephen R. Malphrus, DirectorBruce M. Beardsley, Deputy DirectorMarianne M. Emerson, Assistant DirectorPo Kyung Kim, Assistant DirectorRaymond H. Massey, Assistant DirectorEdward T. Mulrenin, Assistant DirectorDay W. Radebaugh, Jr., Assistant DirectorElizabeth B. Riggs, Assistant DirectorRichard C. Stevens, Assistant Director



Clyde H. Farnsworth, Jr., DirectorDavid L. Robinson, Deputy DirectorCharles W. Bennett, Assistant DirectorJack Dennis, Jr., Assistant DirectorEarl G. Hamilton, Assistant DirectorJeffrey C. Marquardt, Assistant DirectorJohn H. Parrish, Assistant DirectorLouise L. Roseman, Assistant DirectorFlorence M. Young, Assistant Director


Brent L. Bowen, Inspector GeneralBarry R. Snyder, Assistant Inspector

General


1992



Members Term expiresALAN GREENSPAN of New York, Chairmanl January 31, 2006DAVID W. MULUNS, JR., of Arkansas, Vice Chairmanl January 31, 1996WAYNE D. ANGELL of Kansas January 31, 1994SUSAN M. PHILLIPS of Iowa January 31, 1998

LAWRENCE B. LINDSEY of Virginia January 31, 2000JOHN P. LAWARE of Massachusetts January 31, 2002EDWARD W. KELLEY, JR., of Texas January 31, 2004

OfficersOFFICE OF BOARD MEMBERS

Joseph R. Coyne, Assistant to the BoardDonald J. Winn, Assistant to the BoardTheodore E. Allison, Assistant to the Board

for Federal Reserve System AffairsBob Stahly Moore, Special Assistant

to the BoardLynn Fox, Special Assistant to the BoardWinthrop P. Hambley, Special Assistant

to the BoardDiane E. Werneke, Special Assistant

to the Board

LEGAL DIVISION

J. Virgil Mattingly, Jr., General CounselScott G. Alvarez, Associate General

CounselRichard M. Ashton, Associate

General CounselOliver Ireland, Associate General

CounselKathleen M. O'Day, Associate General

Counsel

OFFICE OF THE SECRETARY

William W. Wiles, SecretaryJennifer J. Johnson, Associate SecretaryBarbara R. Lowrey, Associate Secretary

DIVISION OF CONSUMER

AND COMMUNITY AFFAIRS

Griffith L. Garwood, DirectorGlenn E. Loney, Associate DirectorDolores S. Smith, Associate DirectorMaureen P. English, Assistant DirectorIrene S. McNulty, Assistant Director

DIVISION OF BANKING SUPERVISION

AND REGULATION

Richard Spillenkothen, DirectorStephen C. Schemering, Deputy DirectorDon E. Kline, Associate DirectorWilliam A. Ryback, Associate DirectorFrederick M. Struble, Associate DirectorHerbert A. Biern, Deputy Associate

DirectorRoger T. Cole, Deputy Associate DirectorJames I. Garner, Deputy Associate DirectorHoward Amer, Assistant DirectorGerald A. Edwards, Jr., Assistant DirectorJames D. Goetzinger, Assistant DirectorStephen M. Hoffman, Jr., Assistant

DirectorLaura M. Homer, Assistant DirectorJames V. Houpt, Jr., Assistant DirectorJack P. Jennings, Assistant DirectorMichael G. Martinson, Assistant DirectorRhoger H Pugh, Assistant DirectorSidney M. Sussan, Assistant DirectorMolly S. Wassom, Assistant Director

1. The designations as Chairman and Vice Chairmanexpire on March 2, 1996, and July 22, 1995, respectively,unless the service of these members of the Board shallhave terminated sooner.


1993







AND STATISTICS

Michael J. Prell, DirectorEdward C. Ettin, Deputy DirectorWilliam R. Jones, Associate DirectorThomas D. Simpson, Associate DirectorLawrence Slifman, Associate DirectorDavid J. Stockton, Associate DirectorMartha Bethea, Deputy


Associate DirectorMyron L. Kwast, Assistant DirectorPatrick M. Parkinson, Assistant DirectorMartha S. Scanlon, Assistant DirectorJoyce K. Zickler, Assistant DirectorJohn J. Mingo, AdviserLevon H. Garabedian, Assistant Director

(Administration)


Donald L. Kohn, DirectorDavid E. Lindsey, Deputy DirectorBrian F. Madigan, Associate DirectorRichard D. Porter, Deputy Associate

DirectorNormand R.V. Bernard, Special Assistant

to the Board


FOR MANAGEMENT

S. David Frost, Staff DirectorWilliam C. Schneider, Jr., Project Director,

National Information CenterPortia W. Thompson, Equal Employment


DIVISION OF HUMAN









Stephen R. Malphrus, DirectorBruce M. Beardsley, Deputy DirectorMarianne M. Emerson, Assistant DirectorPo Kyung Kim, Assistant DirectorRaymond H. Massey, Assistant DirectorEdward T. Mulrenin, Assistant DirectorDay W. Radebaugh, Jr., Assistant DirectorElizabeth B. Riggs, Assistant DirectorRichard C. Stevens, Assistant Director



Clyde H. Farnsworth, Jr., DirectorDavid L. Robinson, Deputy DirectorCharles W. Bennett, Assistant DirectorJack Dennis, Jr., Assistant DirectorEarl G. Hamilton, Assistant DirectorJeffrey C. Marquardt, Assistant DirectorJohn H. Parrish, Assistant DirectorLouise L. Roseman, Assistant DirectorFlorence M. Young, Assistant Director


Brent L. Bowen, Inspector GeneralDonald L. Robinson, Assistant Inspector

GeneralBarry R. Snyder, Assistant Inspector

GeneralDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1993

346 81st Annual Report, 1994


Members Term expires

ALAN GREENSPAN, of New York, Chairman' January 31, 2006

ALAN S. BLINDER, of New Jersey, Vice Chairman ' January 31, 1996SUSAN M. PHILLIPS, of Iowa January 31, 1998

LAWRENCE B. LINDSEY, of Virginia January 31, 2000

JOHN P. LAWARE, of Massachusetts January 31, 2002EDWARD W. KELLEY, JR., of Texas January 31, 2004

JANET L. YELLEN, of California January 31, 2008

OfficersOFFICE OF BOARD MEMBERS DIVISION OF CONSUMER

Joseph R. Coyne, Assistant to the Board AND COMMUNITY AFFAIRSDonald J. Winn, Assistant to the Board Griffith L. Garwood, DirectorTheodore E. Allison, Assistant to the Board Glenn E. Loney, Associate Director

for Federal Reserve System Affairs Dolores S. Smith, Associate DirectorLynn Fox, Deputy Congressional Liaison Maureen P. English, Assistant DirectorBob Stahly Moore, Special Assistant Irene Shawn McNulty, Assistant Director

to the BoardWinthrop P. Hambley, Special Assistant ~ ^ o

to the Board DIVISION OF BANKING SUPERVISIONDiane E. Werneke, Special Assistant A N D REGULATION

to the Board Richard Spillenkothen, DirectorStephen C. Schemering, Deputy Director

LEGAL DIVISION Don E. Kline, Associate DirectorJ. Virgil Mattingly, Jr., General Counsel William A. Ryback, Associate DirectorScott G. Alvarez, Associate General Frederick M. Struble, Associate Director

Counsel Herbert A. Biern, Deputy AssociateRichard M. Ashton, Associate Director

General Counsel Roger T. Cole, Deputy Associate DirectorOliver Ireland, Associate General j a m e s I. Garner, Deputy Associate Director

Coumel William C. Schneider, Jr., Project Director,Kathleen M. O'Day, Associate General National Information Center

Counsel Howard A. Amer, Assistant DirectorRobert deV. Frierson, Assistant General G e m l d A E d w a r d s ? J r Assistant Director

Counsel T _ _ . . . _.^ . . TT A17U . . . „ , James D. Goetzinger, Assistant DirectorKathenne H. Wheatley, Assistant General o , w TT _ ° T A .

Counsel Stephen M. Hoffman, Jr., AssistantDirector

OFFICE OF THE SECRETARY Laura M. Homer, Assistant DirectorWilliam W. Wiles, Secretary J a m e s V- H o u P t ' J r - Assistant DirectorJennifer J. Johnson, Deputy Secretary J a c k p- Jennings, Assistant DirectorBarbara R. Lowrey, Associate Secretary M i c h a e l G- Martinson, Assistant Director

Rhoger H Pugh, Assistant DirectorSidney M. Sussan, Assistant DirectorMolly S. Wassom, Assistant Director

1. The designations as Chairman and Vice Chairmanexpire on March 2, 1996, and June 24, 1998, respectively,unless the service of these members of the Board shallhave terminated sooner.


1994


Board of Governors—Continued




Associate DirectorDale W. Henderson, Associate DirectorDonald B. Adams, Assistant DirectorThomas A. Connors, Assistant DirectorPeter Hooper III, Assistant DirectorKaren H. Johnson, Assistant DirectorCatherine L. Mann, Assistant DirectorRalph W. Smith, Jr., Assistant DirectorDavid H. Howard, Senior Adviser


AND STATISTICS

Michael J. Prell, DirectorEdward C. Ettin, Deputy DirectorDavid J. Stockton, Deputy DirectorMartha Bethea, Associate DirectorWilliam R. Jones, Associate DirectorMyron L. Kwast, Associate DirectorPatrick M. Parkinson, Associate DirectorThomas D. Simpson, Associate DirectorLawrence Slifman, Associate DirectorMartha S. Scanlon, Deputy


Associate DirectorFlint Brayton, Assistant DirectorDavid S. Jones, Assistant DirectorStephen A. Rhoades, Assistant DirectorCharles S. Struckmeyer, Assistant DirectorPatricia White, Assistant DirectorJoyce K. Zickler, Assistant DirectorJohn J. Mingo, Senior AdviserGlenn B. Canner, Adviser


Donald L. Kohn, DirectorDavid E. Lindsey, Deputy DirectorBrian F. Madigan, Associate DirectorRichard D. Porter, Deputy Associate

DirectorVincent R. Reinhart, Assistant DirectorNormand R.V. Bernard, Special Assistant

to the Board


FOR MANAGEMENT

S. David Frost, Staff DirectorPortia W. Thompson, Equal Employment

Opportunity Programs Adviser

DIVISION OF HUMAN









Stephen R. Malphrus, DirectorMarianne M. Emerson, Assistant DirectorPo Kyung Kim, Assistant DirectorRaymond H. Massey, Assistant DirectorEdward T. Mulrenin, Assistant DirectorDay W. Radebaugh, Jr., Assistant DirectorElizabeth B. Riggs, Assistant DirectorRichard C. Stevens, Assistant Director



Clyde H. Farnsworth, Jr., DirectorDavid L. Robinson, Deputy DirectorLouise L. Roseman, Associate DirectorCharles W. Bennett, Assistant DirectorJack Dennis, Jr., Assistant DirectorEarl G. Hamilton, Assistant DirectorJeffrey C. Marquardt, Assistant DirectorJohn H. Parrish, Assistant DirectorFlorence M. Young, Assistant Director


1994

348 81st Annual Report, 1994

Board of Governors—Continued


Brent L. Bowen, Inspector General Barry R. Snyder, Assistant InspectorDonald L. Robinson, Assistant Inspector General

General

Federal Open Market CommitteeDecember 31,1994

MembersALAN GREENSPAN, Chairman, Board of GovernorsWILLIAM J. McDONOUGH, Vice Chairman, President, Federal Reserve Bank of New YorkALAN S. BLINDER, Board of GovernorsJ. ALFRED BROADDUS, JR., President, Federal Reserve Bank of RichmondROBERT P. FORRESTAL, President, Federal Reserve Bank of AtlantaJERRY L. JORDAN, President, Federal Reserve Bank of ClevelandEDWARD W. KELLEY, JR., Board of GovernorsJOHN P. LAWARE, Board of GovernorsLAWRENCE B. LINDSEY, Board of GovernorsROBERT T. PARRY, President, Federal Reserve Bank of San FranciscoSUSAN M. PHILLIPS, Board of GovernorsJANET L. YELLEN, Board of Governors

Alternate MembersTHOMAS M. HOENIG, President, Federal Reserve Bank of Kansas CityTHOMAS C. MELZER, President, Federal Reserve Bank of St. LouisCATHY E. MlNEHAN, President, Federal Reserve Bank of BostonMICHAEL H. MOSKOW, President, Federal Reserve Bank of ChicagoJAMES H. OLTMAN, First Vice President, Federal Reserve Bank of New York

OfficersDONALD L. KOHN, MARVIN S. GOODFRIEND,

Secretary and Economist Associate EconomistNORMAND R.V. BERNARD, DAVID E. LINDSEY,

Deputy Secretary Associate EconomistJOSEPH R. COYNE, FREDERICK S. MISHKIN,

Assistant Secretary Associate EconomistGARY P. GILLUM, LARRY J. PROMISEL,

Assistant Secretary Associate EconomistJ. VIRGIL MATTINGLY, JR., CHARLES J. SIEGMAN,

General Counsel Associate EconomistERNEST T. PATRIKIS, THOMAS D. SIMPSON,

Deputy General Counsel Associate EconomistMICHAEL J. PRELL, MARK S. SNIDERMAN,

Economist Associate EconomistEDWIN M. TRUMAN, DAVID J. STOCKTON,

Economist Associate EconomistJACK H. BEEBE, SHEILA E. TSCHINKEL,

Associate Economist Associate EconomistDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1994

14612_1990-1994

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