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EXECUTIVE 1 / = 3 T£ J 3 3 j/ / } THE WHITE HOUSE W A S H IN G T O N April 19, 1967 Wednesday — 6 P.M. MEMORANDUM FOR THE PRESIDENT SUBJECT: Federal Reserve Board Vacancy - William W. Sherrill In my memoranda of April 7 and 10, Tab A, I recommended your favorable consideration of William W. Sherrill, Director of the Federal Deposit Insurance Corporation, for the Shepardson vacancy on the Board of Governors. I arrived at this recommendation after receiving qualification evaluations from -1 John E. Horne William B. Camp K. A. Randall Joseph Barr Sherman Maisel Andrew Brimmer In my memorandum of April rJ} I set forth the basis for my recom mendation in a listing of seven personal assets possessed by Sherrill as a candidate for this position. For your consideration, I am attaching the FBI investigative report on Sherrill, Tab B, and a biographic summary, Tab C. 1^ "7 'c > . < In the event you approve this recommendation and wish to pro " ceed with the appointment, I am attaching a draft press release, Tab D, and a nomination certificate, Tab E. > / .,/ tr tu J iC u itq , Jemn W. MacyYlJr. Attachments -"V / r ________ COW LBJ LIBRARY Mr. Hopkins: Send this up the fir s t day the Senate is in session. M arvin Watson 4/22/67 M r. President, You had me phone M r. M acy to say "Send over this afternoon a memo on the F ed era l R eserve and anything else he had. 11 The attached a rriv e d at 6:50. M arvin has seen this, m jdr { 1 ,o V . • } , • , y C0PVLB1UBRARY ■ ; (Jj v_ : T H E W H ITE H O U S E W A S H IN G T O N April 7, 1967 Friday — 6 P.M. MEMORANDUM FOR THE PRESIDENT 1 i SUBJECT: Federal Reserve Board Vacancy - William W. Sherrill I am attaching for-your review recently collected evaluations on the qualifications of William W. Sherrill, Director, Federal Deposit Insurance Corporation, for the Shepardson vacancy on the Fr-deral Reserve Board from: John E. Horne William B. Camp K. A. Randall Andrew Brimmer 1 In addition, I am providing a copy ox a, wic-graphical sheet on Sherrill prepared at the time of his appointment to the FDIC ’ on February 26, 1966 . Although you have reviewed it "before, I am also attaching for your information the FBI report on Sherrill dated December 22, 19 6 5* On the basis of these evaluations from Federal officials with whom Sherrill has dealt during his thirteen months of Federal service and my own assessment of his performance, I recommend him to you for this appointment because of the following personal assets: 1. His personal qualities of intelligence, ability to deal with a variety of people and quick grasp of complex financial problems. 2. His liberal and progressive economic philosophy and his support1 for the principle of sound fiscal and monetary policy, including maximum availability of credit to the public at the lowest possible interest rates. f C O W IB JU B R AR Y 3. The high quality of his education inclu|ing a bachelor's degree, with honors, from the University of Houston and an MBA. degree from Harvard, with distinction, in finance. *)•. His "background in public finance and administration as City Treasurer, Chief Administrative Officer and Executive Assistant to the Mayor of the City of Houston and his service on the FDIC. 5. His experience in "business and real estate development. 6. His experience with the development of computerized accounting and operations in which he has specialized at the FDIC. 7. His current stature in hank supervision and his ability to communicate effectively with representatives of the regulated industry. Sherrill approved, prepare final papers: ■ Provide additional candidates: _____ Discuss with me: _____ Attachments f __ CO W IBJUT