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Gold/Mining/Energy : Enron - Natural Gas Industry
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To: Bryan Steffen who started this subject2/6/2002 5:21:07 PM
From: Softechie  Read Replies (2) of 1433
 
Skilling Resigns From Houston Board Of Dallas Fed Bank

By MICHAEL RIEKE

Of DOW JONES NEWSWIRES
HOUSTON -- Former Enron Corp. (ENRNQ) chief executive officer Jeff Skilling resigned last week from the board of Houston branch of the Dallas Federal Reserve Bank.

Skilling was appointed to the Houston board by the Federal Reserve Board of Governors in Washington, D.C. His three-year term was scheduled to run through 2003.

Skilling's letter of resignation said he was resigning in order to spend more time on issues regarding Enron, said a spokesman for the Dallas Federal Reserve Bank.

A spokeswoman for Skilling didn't return a call for comment.

On the Dallas Federal Reserve Bank Web site, Skilling was listed as chairman pro tem of the Houston board.

Members of branch boards of directors are "our sources of intelligence on what's going on in the community," said William Gilmore, vice president of the Houston branch.

Skilling had been appointed to the Houston board in February 2000 to fill an unexpired term after a previous director had resigned. That term expired at the end of 2000. Skilling was then reappointed by the to a full three-year term on the Houston board by the FRB Board of Governors in Washington..

Skilling is scheduled to testify Thursday before the House Energy and Commerce subcommittee on oversight and investigations. The subcommittee is investigating the collapse of Enron.

-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

Updated February 6, 2002 4:54 p.m. EST
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