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Announcements

Publication: Federal Reserve Bulletin
Date: Saturday, October 1 2005

CHAIRMAN ALAN GREENSPAN NAMES GOVERNOR DONALD L. KOHN AS DESIGNEE

Federal Reserve Board Chairman Alan Greenspan named on August 17, 2005, Governor Donald L. Kohn to replace Governor Edward M. Gramlich as the Chairman's designee on four federal loan guarantee boards, effective September 1, 2005.

Governor Gramlich's resignation from the Board of Governors of the Federal Reserve System, became effective August 31, 2005.

Governor Kohn will serve as chairman of the Air Transportation Stabilization Board, the Emergency Steel Loan Guarantee Board, and the Emergency Oil and Gas Loan Guarantee Board, and as a member of the LOCAL Television Loan Guarantee Board.

STATEMENT BY CHAIRMAN ALAN GREENSPAN ON THE APPOINTMENT OF BEN S. BERNANKE

"The President has made a distinguished appointment in Ben Bernanke. Ben comes with superb academic credentials and important insights into the ways our economy functions. I have no doubt that he will be a credit to the nation as Chairman of the Federal Reserve Board."

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