FRB: Press Release--Board announces appointment of chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005--October 27, 2004

Release Date: October 27, 2004

For immediate release

The Federal Reserve Board on Wednesday announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005.

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 2005:

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

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

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

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

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

Doris M. Damm, President and Chief Executive Officer, ACCU Staffing Services, Cherry Hill, New Jersey, renamed 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
Thomas J. Mackell, Jr., President and Chief Operating Officer, The Kamber Group, Washington, D.C., named Chairman.

Theresa M. Stone, Chief Financial Officer, Jefferson-Pilot Corporation, and President, Jefferson-Pilot Communications Company, Greensboro, North Carolina, named Deputy Chairman.

Atlanta
David M. Ratcliffe, Chairman, President, and Chief Executive Officer, Southern Company, Atlanta, Georgia, renamed Chairman.

V. Larkin Martin, Managing Partner, Martin Farm, Courtland, Alabama, renamed Deputy Chairman.

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

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

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

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

Minneapolis
Linda Hall Whitman, Chief Executive Officer, MinuteClinic, Minneapolis, Minnesota, renamed Chairman.

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

Kansas City
Robert A. Funk, Chairman of the Board and Chief Executive Officer, Express Personnel Services International, Oklahoma City, Oklahoma, named Chairman.

Richard H. Bard, Chairman and Chief Executive Officer, International Surface Preparation Corporation, Golden, Colorado, named 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.

David K. Y. Tang, Partner, Preston Gates & Ellis LLP, Seattle, Washington, named Deputy Chairman.

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Last update: October 27, 2004