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FEDERAL RESERVE: ALASKAN HOUSING EXECUTIVE APPOINTED TO SAN FRANCISCO FED BOARD

 SAN FRANCISCO, Jan. 14 /PRNewswire/ -- Alaska housing executive Cynthia A. Parker has been appointed a director of the Federal Reserve Bank of San Francisco by the central bank's board of governors in Washington, D.C. for a three-year term.
 Executive director of Anchorage Neighborhood Housing Services Inc., Parker replaced retiring director Robert F. Erburu, chairman of the board and chief executive officer of the Times Mirror Co., Los Angeles. He served as chairman of the Bank board from 1988 through 1991 and as deputy chairman in 1987 and 1992. Parker, as did Erburu, represents non-banking interests on the board.
 Parker, 39, has headed the community-based lending and development corporation since 1982. It provides community planning and housing development assistance to areas within the municipality of Anchorage, Alaska and other areas throughout the state of Alaska. Prior to her appointment in Anchorage, Parker was general manager of PSS Inc. which owns and manages multifamily housing for students in downtown Portland, Ore.
 An active business and community leader for several years, Parker has served as chairman of the Alaska Housing Market Council and the Municipal Platting Authority, as vice chairman of the Anchorage Planning and Zoning Commission, as a member of the Housing Advisory Council of the Federal Home Loan Bank of Seattle, Anchorage Historic Properties Inc., the Land Use Task Force (Anchorage) and the Alaska State and Anchorage chambers of commerce.
 The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through the head office in San Francisco and branch offices in Los Angeles, Portland, Seattle and Salt Lake City. Head office directors are responsible for overseeing Reserve Bank operations, selecting Reserve Bank presidents, providing details of economic trends in their regions and advising the Bank's president and board of governors of the Federal Reserve System on the general direction of monetary policy by proposing changes in the Bank's discount rate charged to financial institutions that borrow from the Federal Reserve.
 -0- 1/14/93
 /CONTACT: Elizabeth Masten of the Federal Reserve Bank of San Francisco, 415-974-2133/


CO: Federal Reserve Bank of San Francisco ST: California IN: FIN SU: PER

SG-TB -- SF006 -- 4922 01/14/93 13:38 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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