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FEDERAL RESERVE BANK OF NEW YORK REAPPOINTS CYRUS R. VANCE AS DIRECTOR

 NEW YORK, Jan. 12 /PRNewswire/ -- Cyrus R. Vance, presiding partner of the New York law firm of Simpson Thacher & Bartlett and a former U.S. Secretary of State, has been reappointed as a director of the Federal Reserve Bank of New York.
 Mr. Vance has been a director of the New York Fed since January 1989, and served as chairman of the bank's board of directors during 1989, 1990 and 1991.
 The appointment to a three-year term that started Jan. 1, 1993 was made by the board of governors of the Federal Reserve System. Mr. Vance is one of the three directors who are named by the board of governors. The other six directors on the Federal Reserve Bank of New York's board are elected by member banks in the district served by the bank.
 -0- 1/12/93
 /CONTACT: Bart Sotnick of the Federal Reserve Bank of New York, 212-720-6143/


CO: Federal Reserve Bank of New York ST: New York IN: FIN SU: PER

TS -- NY098 -- 4081 01/12/93 13:23 EST
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Publication:PR Newswire
Date:Jan 12, 1993
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