Fed Announces Chairmen for Regional Banks

The Federal Reserve Board on Friday announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2004.

Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as chairman and a second as deputy chairman.

Following are the names of the chairmen and deputy chairmen appointed by the Board for 2004:

Boston

Samuel O. Thier, M.D., Professor of Medicine and Professor of Health Care Policy, Harvard Medical School, Massachusetts General Hospital, Boston, Massachusetts, named Chairman.

Blenda J. Wilson, President and Chief Executive Officer, Nellie Mae Education Foundation, Quincy, Massachusetts, named Deputy Chairman.

New York

John E. Sexton, President, New York University, New York, New York, named Chairman.

Jerry I. Speyer, President and Chief Executive Officer, Tishman Speyer Properties, New York, New York, named Deputy Chairman.

Philadelphia

Ronald J. Naples, Chairman and Chief Executive Officer, Quaker Chemical Corporation, Conshohocken, Pennsylvania, named Chairman.

Doris M. Damm, President and Chief Executive Officer, ACCU Staffing Services, Cherry Hill, New Jersey, named Deputy Chairman.

Cleveland

Robert W. Mahoney, Retired Chairman and Chief Executive Officer, Diebold, Incorporated, Canton, Ohio, renamed Chairman.

Charles E. Bunch, President and Chief Operating Officer, PPG Industries, Inc., Pittsburgh, Pennsylvania, renamed Deputy Chairman.

Richmond

Wesley S. Williams, Jr., Partner, Covington & Burling, Washington, D.C., renamed Chairman.

Thomas J. Mackell, Jr., President and Chief Operating Officer, The Kamber Group, Washington, D.C., renamed Deputy Chairman.

Atlanta

David M. Ratcliffe, President and Chief Executive Officer, Georgia Power Company, Atlanta, Georgia, named Chairman.

V. Larkin Martin, Managing Agent, Martin Farm, Courtland, Alabama, named Deputy Chairman.

Chicago

W. James Farrell, Chairman and Chief Executive Officer, Illinois Tool Works Inc., Glenview, Illinois, named Chairman.

Miles D. White, Chairman and Chief Executive Officer, Abbott Laboratories, Abbott Park, Illinois, named Deputy Chairman.

St. Louis

Walter L. Metcalfe, Jr., Chairman, Bryan Cave LLP, St. Louis, Missouri, named Chairman.

Gayle P. W. Jackson, Managing Director, FondElec Clean Energy Group, Inc., St. Louis, Missouri, named Deputy Chairman.

Minneapolis

Linda Hall Whitman, Chief Executive Officer, QuickMedx, Inc., Minneapolis, Minnesota, named Chairman.

Frank L. Sims, Corporate Vice President, Transportation, Cargill, Inc., Wayzata, Minnesota, named Deputy Chairman.

Kansas City

Richard H. Bard, Chief Executive Officer, Bard & Co., Inc., Denver, Colorado, renamed Chairman.

Robert A. Funk, Chairman and Chief Executive Officer, Express Personnel Services International, Oklahoma City, Oklahoma, renamed Deputy Chairman.

Dallas

Ray L. Hunt, Chairman, President, and Chief Executive Officer, Hunt Consolidated, Inc., Dallas, Texas, renamed Chairman.

Patricia M. Patterson, President, Patterson Investments, Inc., Dallas, Texas, renamed Deputy Chairman.

San Francisco

George M. Scalise, President, Semiconductor Industry Association, San Jose, California, renamed Chairman.

Sheila D. Harris, Director, Arizona Department of Housing, Phoenix, Arizona, renamed Deputy Chairman.

Federal Reserve Press Release