Each Reserve Bank has a Board of Directors of nine members. The Board of Governors in Washington appoints three of these directors and 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 the next year:
Boston -- William C. Brainard, Professor, Department of Economics, Yale University, New Haven, CT, renamed Chairman.
William O. Taylor, Chairman and Chief Executive Officer, Globe Newspaper Company, Boston, MA, renamed Deputy Chairman.
New York -- John C. Whitehead, Former Chairman, Goldman Sachs & Co., New York, NY, renamed Chairman.
Deputy Chairman -- To be announced.
Philadelphia -- Joan Carter, President and Chief Operating Officer, UM Holdings Ltd., Haddonfield, NJ, renamed Chairman.
Charisse R. Lillie, Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, PA, renamed Deputy Chairman.
Cleveland -- G. Watts Humphrey, Jr., President, GWH Holdings, Inc., Pittsburgh, PA, renamed Chairman.
David H. Hoag, Chairman and Chief Executive Officer, The LTV Corporation, Cleveland, OH, renamed Deputy Chairman.
Richmond -- Claudine B. Malone, President, Financial & Management Consulting, Inc., McLean, VA, renamed Chairman.
Jeremiah J. Sheehan, Chairman and Chief Executive Officer, Reynolds Metals Company, Richmond, VA, named Deputy Chairman.
Atlanta -- John F. Wieland, President, John Wieland Homes, Inc., Atlanta, GA, named Chairman.
Paula Lovell, President, Lovell Communications, Inc., Nashville, TN, named Deputy Chairman.
Chicago -- Lester H. McKeever, Jr., Managing Partner, Washington, Pittman & McKeever, Chicago, IL, renamed Chairman.
Arthur C. Martinez, Chairman and Chief Executive Officer, Sears, Roebuck and Co., Hoffman Estates, IL, renamed Deputy Chairman.
St. Louis -- Susan S. Elliott, Chairman and Chief Executive Officer, Systems Service Enterprises, Inc.,
St. Louis, MO, named Chairman.
Charles W. Mueller, Chairman, President and Chief Executive Officer, Ameren Corporation, St. Louis, MO, named Deputy Chairman.
Minneapolis -- David A. Koch, Chairman, Graco Inc., Plymouth, MN, renamed Chairman.
James J. Howard, Chairman, President, and Chief Executive Officer, Northern States Power Company, Minneapolis, MN, renamed Deputy Chairman.
Kansas City -- Jo Marie Dancik, Area Managing Partner, Ernst & Young LLP, Minneapolis, MN, renamed Chairman.
Terrence P. Dunn, President and Chief Executive Officer, J.E. Dunn Construction Company, Kansas City, MO, renamed Deputy Chairman.
Dallas -- Roger R. Hemminghaus, Chairman and Chief Executive Officer, Ultramar Diamond Shamrock Corp., San Antonio, TX, renamed Chairman.
James A. Martin, General Vice President, International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, Austin, TX, renamed Deputy Chairman.
San Francisco -- Gary G. Michael, Chairman and Chief Executive Officer, Albertson's, Inc., Boise, ID, renamed Chairman.
Nelson C. Rising, President and Chief Executive Officer, Catellus Development Corporation, San Francisco, CA, named Deputy Chairman.
