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Changes in board staff.


General Counsel Virgil Mattingly retired on June 30, 2004, after thirty years of service with the Federal Reserve Board, including twenty-five years as a member of the Board's official staff.

Stephen C. Schemering, Senior Adviser and former Deputy Director in the Division of Banking Supervision and Regulation, retired from the Board on June 4, 2004, after nearly thirty years of service.

Steve Siciliano Si`ci`li`a´no

n. 1. A Sicilian dance, resembling the pastorale, set to a rather slow and graceful melody in 12-8 or 6-8 measure; also, the music to the dance.
, Assistant General Counsel in the Legal Division, retired from the Board on June 30, 2004, after thirty-one years of service.

The Board of Governors on June 29, 2004, announced the selection of Scott G. Alvarez as its general counsel, effective July 1, 2004.

Mr. Alvarez succeeds Virgil Mattingly, who announced in April his intention to retire.

The Board of Governors approved on July 22, 2004, the following officer promotions and appointments in the Division of Research and Statistics.

* David L. Reifschneider, Assistant Director, promoted to deputy associate director

* William L. Wascher III, Assistant Director, promoted to deputy associate director

* J. Nellie Liang, Assistant Director and Chief, promoted to assistant director with line responsibility for the Capital Markets and Flow of Funds Flow of funds

In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt.

In the context of mutual funds, refers to the movement of money into or out of a mutual funds or between or among
 Sections

* S. Wayne Passmore, Assistant Director and Chief, promoted to assistant director with line responsibility for the Household and Real Estate Finance Section

* Douglas Elmendorf appointed assistant director and chief of the Macroeconomic mac·ro·ec·o·nom·ics  
n. (used with a sing. verb)
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.
 Analysis Section

* Diana Hancock appointed assistant director and chief of the Monetary and Financial Studies Section

* Daniel Sichel appointed assistant director with line responsibility for the Fiscal Analysis Section

David L. Reifschneider joined the Board in 1982 as an economist in the National Income Section. He was promoted to senior economist in 1989, and was named chief of the Macroeconomics macroeconomics

Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices.
 and Quantitative Studies Section in 1996. He was promoted to the official staff as assistant director in 2000. Mr. Reifschneider received his Ph.D. from the University of Wisconsin.

William L. Wascher III began his Board career in 1983 as an economist in the Wages, Prices, and Productivity Section. He was promoted to senior economist in 1989. Mr. Wascher served as senior economist at the Council of Economic Advisers in 1989 and 1990. He has also been a visiting economist at the Bank for International Settlements. In 1998, he was promoted to chief of the Wages, Prices, and Productivity Section, and in 2000, he was made chief of the Macroeconomic Analysis Section. Mr. Wascher was appointed to the official staff as assistant director in 2001. He received his Ph.D. in economics from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli.

http://upenn.edu/.

Address: Philadelphia, PA, USA.
.

J. Nellie Liang joined the Division of Research and Statistics in 1986 as an economist in the Financial Structure Section. In 1994, she moved to the Capital Markets Section and was named chief of the section in 1997. She was appointed to the official staff in 2001 as assistant director and chief. Ms. Liang received her Ph.D. in economics from the University of Maryland University of Maryland can refer to:
  • University of Maryland, College Park, a research-extensive and flagship university; when the term "University of Maryland" is used without any qualification, it generally refers to this school
.

S. Wayne Passmore began his career at the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation.  in 1984. He moved briefly to the Board as a staff economist in 1987, before taking a position as assistant vice president at the Federal Home Loan Bank in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Mr. Passmore returned to the Board in 1990 as a senior economist in the Capital Markets Section. He was promoted to chief of the Financial Institutions Section in 1997, a section that was the predecessor of the current Household and Real Estate Finance Section. He was promoted to the official staff in 2000 as assistant director and chief. He received his doctoral degree from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. .

Douglas Elmendorf joined the Board in 1995 as an economist in the Division of Monetary Affairs. In 1998, he took a leave of absence to serve on the staff of the Council of Economic Advisers. In 1999, he joined the Treasury Department as a deputy assistant secretary. Mr. Elmendorf rejoined the Board in 2001 as a senior economist in the Macroeconomic Analysis Section in the Division of Research and Statistics. Since 2002, he has served as chief of that section. He received his Ph.D. in economics from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College


Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony.
 in 1989.

Diana Hancock joined the Board in 1991 as an economist in the Division of Monetary Affairs, and then served in the Division of Reserve Bank Operations and Payment Systems, where she was promoted to senior economist in 1996. She joined the Monetary and Financial Studies Section in the Division of Research and Statistics in 1997, and was named chief of the section in 1999. Ms. Hancock received her Ph.D. in economics from the University of British Columbia Locations
Vancouver
The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7.
.

Daniel Sichel joined the Board in 1988 as an economist in the Economic Activity Section in the Division of Research and Statistics. He left the Board in 1993 to become a research associate at the Brookings Institution Brookings Institution, at Washington, D.C.; chartered 1927 as a consolidation of the Institute for Government Research (est. 1916), the Institute of Economics (est. 1922), and the Robert S. Brookings Graduate School of Economics and Government (est. 1924). . In 1995, Mr. Sichel joined the Treasury Department as deputy assistant secretary for macroeconomic analysis. He re-joined the Board in 1996 as a senior economist in the Economic Activity Section. Mr. Sichel worked in the Industrial Output Section before joining the Capital Markets Section. He received his Ph.D. in economics from Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities
.
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Title Annotation:Announcements; Federal Reserve Board
Publication:Federal Reserve Bulletin
Geographic Code:1USA
Date:Jun 22, 2004
Words:853
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