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PSA TO PRESENT DISTINGUISHED PUBLIC SERVICE AWARDS TO PAUL VOLCKER, BERLE ANTHONY, JR., ON OCT. 19

 PSA TO PRESENT DISTINGUISHED PUBLIC SERVICE AWARDS
 TO PAUL VOLCKER, BERLE ANTHONY, JR., ON OCT. 19
 NEW YORK, Aug. 20 /PRNewswire/ -- The Public Securities Association will present its 1992 Distinguished Public Service awards to former Federal Reserve Chairman Paul A. Volcker and Congressman Beryl Anthony, Jr. (D-AR) at its annual Awards Dinner at The Pierre here Oct. 19, PSA Chairman Michael E. Doherty announced today.
 The PSA Distinguished Public Service Award is given annually to recognize the distinguished service of individuals who have had significant impact on the public securities business while serving as a public official at the federal, state or local level.
 "Paul Volcker's outstanding public service career in the federal government spans nearly three decades. He has served in high offices under five presidents -- John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter and Ronald Reagan. He has distinguished himself in his public service career and has played a key role in this country's effort to achieve sustained, non-inflationary economic growth," Dougherty said.
 "Beryl Anthony, Jr. has had a challenging, rewarding career during his 14 years in Congress. He has been an influential member of the House Ways and Means Committee, where he has helped dispel many if the misconception about municipal bonds and brought a greater understanding of their benefits," the PSA chairman noted.
 Volcker is chairman of James D. Wolfensohn Incorporated and Frederick H. Schultz Professor of International Economic Policy at Princeton University. He was chairman of the board of governors of the Federal Reserve System from August 1979 to August 1987. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan. Upon completion of his second term as chairman, Volcker returned to private life and served as volunteer chairman of a newly formed, privately sponsored Commission on Public Service. The commission issued a final report in April 1988 on how to attract, motivate and retain qualified people in public service.
 Before becoming the chairman of the board of governors of the Federal Reserve System in 1979, he spent more than four years as president of the Federal Reserve Bank of New York, the principal operating arm of the system.
 Earlier, Volcker has served as an official of the U.S. Treasury, serving as under secretary for Monetary Affairs from 1969 to 1974, where he was responsible for developing and implementing treasury debt management, federal credit, and international financial policies. During this period he was the principal U.S. participant in international monetary negotiations during the transition from the Bretton Woods fixed exchange rate system to the more flexible system of floating rates that has prevailed since the early 1970s.
 Beryl Anthony, Jr. has represented Arkansas' Fourth District in the U.S. Congress since 1978. In 1981, during his second term, Anthony was named to the influential House Ways and Means Committee, where he played a major role in the first steps to rescue the Social Security system in 1983.
 Congressman Anthony formed the Anthony Public Finance Commission in 1988 out of a growing concern over the ability of state and local governments to finance public services. The commision is composed of mayors, governors, local government officials and members of the public finance community, and their goal is to turn recommendations into legislation that will enable local governments to better finance the building of public roads, schools, waste water treatment facilities, and hospitals.
 The congressman also is co-chairman of the Congressional Infrastructure Caucus, a bipartisan coalition formed last year to examine the financing required to improve the nation's infrastructure. He recently introduced legislation to simplify and improve provisions of the tax code governing issuance of tax-exempt bonds.
 Rural health care is a major concern in Southern Arkansas, and in 1987 Congressman Anthony chose to serve on the Subcommittee of Health. Congressman Anthony is one of the House's leading advocates for rural health care and successfully sponsored legislation to help rural health providers.
 PSA is the international trade association of banks and brokerage firms which deal in municipal securities, U.S. government securities, and mortgage-backed securities and money-market instruments.
 -0- 8/20/92
 /CONTACT: Joseph Sims or Caroline Benn of PSA, 202-434-8400/ CO: Public Securities Association ST: New York IN: FIN SU:


LD-SM -- NY003 -- 1568 08/20/92 08:00 EDT
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Date:Aug 20, 1992
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