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Passing of former Governor John P. LaWare.

Former banking executive and Federal Reserve Governor John P. LaWare died on December 13, 2004, at Southeast Georgia Health System hospital in Brunswick, Georgia. LaWare, who was appointed to the Federal Reserve by President Ronald Reagan in 1988, retired to Sea Island, Georgia, after resigning in 1995.

Federal Reserve Board Chairman Alan Greenspan, in a statement released just before the Board's meeting on December 14, 2004, said of former Governor LaWare:

"In his service to the Federal Reserve, my good friend John LaWare contributed keen judgment and a deep and practical knowledge of the American financial system, developed during a long career in banking. His insight was invaluable during the deliberations that led eventually to the Gramm-Leach-Bliley legislation that modernized the legal structure of banking and finance. Most of all, he was a gentleman. I extend my deepest sympathies to his family."
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Title Annotation:Announcements
Publication:Federal Reserve Bulletin
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2005
Words:142
Previous Article:Report on the condition of the U.S. banking industry: third quarter, 2004.
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