CHANGES IN BOARD STAFF.

The Board of Governors approved on February 12, 2001, the appointment of two new officers in the Office of Board Members: Michelle A. Smith as Assistant to the Board and John Lopez as Special Assistant to the Board.

Michelle A. Smith, who joined the Board on February 20, will oversee the internal management of the public affairs office and assist Board members and officials in their communications activities. Ms. Smith spent the last eight years at the Treasury Department, most recently as the Assistant Secretary for Public Affairs. She is a graduate of Baylor University, where she also earned a master's degree in journalism.

John Lopez supports the Board's congressional liaison program, which facilitates effective communication between the Board and the Congress. He currently serves as the Congressional Liaison Assistant and worked previously as Senior Counsel to the Domestic and International Monetary Policy Subcommittee of the House Banking Committee. Mr. Lopez is a graduate of Princeton University and received a law degree from the University of Virginia.

The Board of Governors approved on February 12, 2001, a restructuring of the Division of Information Technology (IT). In conjunction with the reorganization, the Board announced the following official staff actions: the promotion of Raymond H. Massey to associate director, a rotational assignment of Tillena G. Clark to the Division of Reserve Bank Operations and Payment Systems (RBOPS) as assistant director for Bank Planning and Control and Federal Reserve Bank Financial Accounting, the appointment of Susan F. Marycz to the official staff as assistant director, and the appointment of Wayne A. Edmondson to the official staff as assistant director.

Mr. Massey will oversee three branches of the division: Financial Systems, Telecommunications, and Security, Systems & Data Center. He has previously managed many of the division's and FFIEC's complex software projects as well as the IT infrastructure. Mr. Massey was appointed an assistant director in 1990.

Ms. Clark will serve a rotational assignment in the RBOPS Division from March 2001 through April 2002. She joined the Board in 1995 and currently serves as the IT Division's chief financial officer; she was appointed an assistant director in 1999. She will complete work at the Stonier School of Banking in June 2001.

Ms. Marycz will oversee the Telecommunications Branch. She joined the Board in 1985 and has held several management positions in the division. She is responsible for planning, evaluation, and integration of new technologies for the Board's electronic network services. Ms. Marycz holds a B.A. from Millersville University and a B.S. from the University of Maryland. She is enrolled in the Stonier School of Banking.

Mr. Edmondson will oversee the Consumer and Community Affairs and FFIEC Systems Branch. He joined the Board in 1984 and has managed many of the Board's key information systems. Mr. Edmondson holds a B.A. from Morehouse College and a B.S. from the University of Maryland. He will complete work at the Stonier School of Banking in June 2002.