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EXECUTIVE
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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 r I set forth the basis for my recom­
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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.

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In the event you approve this recommendation and wish to pro­
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ceed with the appointment, I am attaching a draft press release,
Tab D, and a nomination certificate, Tab E.

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Jemn W. MacyYlJr.

Attachments
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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. 1
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The attached a rriv e d at 6:50.
M arvin has seen this,
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C0PVLB1UBRARY

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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.

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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

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CO W IBJUT


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102