Agency designations of representatives to Air Transportation Stabilization Board. (Announcements).Federal Reserve Board Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. designated on November 9, 2001, Governor Edward M. Gramlich to serve in his place as the chairman of the Air Transportation Stabilization Board The Air Transportation Stabilization Board is an office of United States Department of the Treasury set up after the September 11, 2001 attacks to offer loans to troubled US airlines. External links
Chairman Greenspan, Secretary O'Neill, and Secretary Mineta will continue to be available for consultation. The Air Transportation Stabilization Board was authorized by the Air Transportation Safety and System Stabilization Act. The act, which was signed into law on September 22, 2001, establishes a federal loan guarantee program to assist air carriers that suffered losses because of the attacks of September 11, 2001. |
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