For immediate release

Roger W. Ferguson, Jr., on Tuesday took the oath of office for a second four-year term as Vice Chairman of the Board of Governors of the Federal Reserve System. The oath was administered, in the presence of Vice Chairman Ferguson's wife, Annette L. Nazareth, by Chairman Alan Greenspan in the Chairman's office.

President Bush nominated Vice Chairman Ferguson on September 10 and the Senate confirmed him on October 24. He originally took office on November 5, 1997 as a member of the Board to fill an unexpired term. On July 26, 2001, he began a new term on the Board that expires January 31, 2014. His first term as Vice Chairman began October 5, 1999.

2003 Other announcements