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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (25942)12/12/2001 3:37:50 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 52237
 
FOMC board member quitting. Normal retirement or disagreement in the ranks??????

The Board of Governors of the Federal Reserve System has issued
the following press release(s):

Governor Edward W. Kelley, Jr., submits resignation
federalreserve.gov

Release Date: December 12, 2001

For immediate release

Edward W. Kelley, Jr., submitted his resignation Wednesday as a member of the Board of Governors of the Federal Reserve System, effective December 31, 2001.

Kelley, who has been a member of the Board since May 26, 1987, submitted his letter of resignation to President Bush. In view of his impending departure and in keeping with Board practice, he did not attend the December 11 meeting of the Federal Open Market Committee.

"During his more than fourteen years on the Board, I have valued his sound judgment, hard work and, above all, his friendship," Chairman Alan Greenspan said. "I know of no one in public life with greater integrity or higher principles."

Kelley, the senior member of the Board, said he was resigning to turn his attention to family and other personal interests. He had announced on June 4 that he planned to leave the Board after at least one of two vacant seats was filled. Susan Schmidt Bies and Mark W. Olson were sworn in to fill those seats on December 7.

Kelley, 69, was first appointed to the Board by President Ronald Reagan. President George H.W. Bush reappointed him in 1990 to a term that expires on January 31, 2004. During much of his tenure, he served as Chairman of the Board's Committee on Reserve Bank Affairs, overseeing the operations and payment services of the twelve Federal Reserve Banks. He led the Reserve Banks' efforts to prepare their computer systems for a smooth transition during the century date change.

Before becoming a member of the Board, Kelley had been Chairman of the Board of Investment Advisers, Inc., in Houston, Texas, and President and Chief Executive Officer of Kelley Industries, Inc., a Houston-based company with subsidiaries in manufacturing, distribution and business services.

Attached is a copy of his letter of resignation.

Attachment (50 KB PDF)

federalreserve.gov



To: Lee Lichterman III who wrote (25942)12/12/2001 4:52:40 PM
From: Captain Jack  Respond to of 52237
 
LOL! I have a nice '98 Ranger 4X4 ext cab PU you can borrow,, it is very well insured... if it does not come back in 1 piece I'll replace it with a new Jag I've been looking at...



To: Lee Lichterman III who wrote (25942)12/12/2001 11:08:41 PM
From: BirdDog  Read Replies (1) | Respond to of 52237
 
I guess we crashed one of their loaned out jets.

DEBKA news flash!

South Dakota is demanding full payment for their B1. A leading South Dakota Official was quoted saying: "We got our own war going on with dem prairie dogs ya know". And Oh...BTW....don't worry about the crew. They can find their own way home.

SERIOUSLY people... Ellsworth is a big B1 base. Possibly all the B1's came from there.

BirdDog@VBG.com