September 14, 2006

Statement by Governor Bies on the death of Andrei Kozlov, first deputy chairman of Russia’s central bank

For immediate release

Statement by Susan S. Bies, member, Board of Governors of the Federal Reserve System:

"We at the Board were shocked and saddened to learn of the death of Andrei Kozlov. His courage and vigor in pursuing the betterment of his country’s banking system earned respect and admiration throughout the world. We extend our deepest condolences to his family."

Last Update: September 14, 2006