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FEDERAL R ESE R V E BANK OF DALLAS Station K, Dallas, Texas 7 5 2 2 2 C i r c u l a r No. 84-8 January 20, 1984 TO: All Depository I n s t i t u t i o n s Reserve D i s t r i c t ATTENTION: Chief Executive O f f i c e r SUBJECT: Appointments to Consumer Advisory Council SUMMARY: The Board o f Governors o f the Federal Reserve System r e c e n t l y appointed e i g h t new members to i t s Consumer Advisory Council to r e p l a c e members whose terms ar e expiring. The Board a l s o d e s ig n a te d a new Chairman and Vice Chairman o f th e Council. in th e Eleventh Federal The Council a dv is e s th e Board in th e f i e l d o f consumer f i n a n c i a l p r o t e c t i o n laws and o t h e r co n su m e r- re la te d matters. I t meets se ve ra l times a y e a r in s e s s i o n s open t o th e p u b l i c . ATTACHMENTS: Board's p re s s r e l e a s e and l i s t o f Council members MORE INFORMATION: W. Arthur T r i b b l e , A s s i s t a n t Vice A s s i s t a n t S e c r e t a r y , Extension 6377 ADDITIONAL COPIES: Public A f f a i r s Department, Extension 6289 President Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. and This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERA ^R ESER V^prB S^2l£22^^^« For immediate r e l e a s e December 19, 1983 The Federal Reserve Board today named e i g h t new members t o i t s Consumer Advisory Council t o r e p l a c e members whose terms ar e e x p i r i n g , and d e s ig n a te d a new Chairman and Vice Chairman of t h e Council. The Council a d v is e s th e Board in t h e f i e l d of consumer f i n a n c i a l pr o t e c t i o n laws and o t h e r c o n su m e r- re la t e d m a t t e r s . I t s 30 members come from a l l p a r t s of th e country and i n c lu d e a broad r e p r e s e n t a t i o n of consumer and f i n a n c i a l industry i n t e r e s t s . The Council meets s ev e ra l times a y e a r in s e s s i o n s open to the public. Mr. Willard P. Ogburn was named Chairman t o succeed Ms. Susan Pierson DeWitt, whose term w il l e x p i r e a t y e a r end. Mr. Ogburn i s Deputy D i r e c t o r of the National Consumer Law Center of Boston, M a s sa c h u se tts . His term runs through December 1984. Mr. Timothy D. Marrinan was named Vice Chairman t o succeed Mr. William J . O'Connor, J r . , whose term e x p ir e s a t y e a r end. Mr. Marrinan i s A s s i s t a n t Vice «* P r e s i d e n t and Legal Counsel f o r F i r s t Bank System, Inc. of M inneapolis, Minnesota. His term runs through December 1985. The e i g h t new members, named f o r t h r e e - y e a r terms beginniny January 1, 1984, a r e : Rachel G. B r a t t Medford, Massachusetts Dr. B r a t t i s A s s i s t a n t P r o f e s s o r of t h e Department of Urban and Environ mental Po li cy a t Tuf ts U n i v e r s i t y . She has served as a c o n s u l t a n t t o a v a r i e t y of o r g a n i z a t i o n s in c lu d in g th e Federal Home Loan Bank Board, Abt A ss o c ia te s and nuu. Dr. B r a t t i s a member of t h e Advisory Board of th e Massachusetts Housing n t ia n c e Agency and i s an a s s o c i a t e member of t h e American Planning A sso ci at ion and t h e Plan ne rs Network. (ov er) -2- Steven M. Geary J e f f e r s o n C i t y , Missouri In 1976, Mr. Geary j o i n e d t h e Missouri D ivi si on of Finance as Super v i s o r o f Consumer C r e d i t and in 1982 became t h e A ss o c ia te General Counsel. He i s a member of t h e American and Missouri Bar A s s o c i a t i o n s . Louise McCarren Herring C i n c i n n a t i , Ohio Mrs. Herring i s Manager of Communicating Arts C r e d it Union, a $6.8 m i l l i o n c r e d i t union w ith 4,800 members. She i s th e l a s t s u r v iv in g member of a group of c r e d i t union r e p r e s e n t a t i v e s who in 1934 met t o d r a f t th e c o n s t i t u t i o n forming t h e C r e d i t Union National A ss o c ia ti o n (CUNA), an i n d u s t r y t r a d e group. Mrs. Herring i s a member of th e C r e d it Union Executive S o c i e t y , t h e Ohio C r e d i t Union League and CUNA. She a l s o se r ve s on t h e Go ve rno r's Committee f o r Recodifying t h e s t a t e ' s c r e d i t union law. F r e d e ri c k H. M i l l e r Norman, Oklahoma Mr. M i l l e r has been a p r o f e s s o r o f law a t t h e U n i v e r s i t y of Oklahoma s i n c e 1966. P r i o r t o j o i n i n g t h e f a c u l t y a t t h e U n i v e r s i t y , Mr. M i l l e r was in p r i v a t e law p r a c t i c e . He i s a commissioner from t h e S t a t e of Oklahoma t o t h e National Conference of Commissioners on Uniform S t a t e Laws as well as a r e p o r t e r f o r th e Uniform Consumer C r e d i t Code. Margaret M. Murphy Columbia, Maryland Dr. Murphy i s a member of t h e f a c u l t y a t Johns Hopkins U n i v e r s i t y and d i r e c t o r of i t s Economic Education Leadership Program. Dr. Murphy formerly served as t h e Acting Executive D i r e c t o r of t h e Maryland Council on Economic Education. She has held t e a c h i n g p o s i t i o n s a t V i r g i n i a Po ly t ec h n ic I n s t i t u t e , C ity U n i v e r s i t y o f New York, Rutgers U n i v e r s i t y and Loyola College where she founded t h e Center f o r Economic E du ca tio n. Dr. Murphy i s t h e founder and p a s t d i r e c t o r of t h e Center f o r Economic Education a t Columbia, Maryland. (ov er) -3- Robert F. Murphy D e t r o i t , Michigan Mr. Murphy i s P r e s i d e n t of General Motors Acceptance Corporation (GMAC), t h e f i n a n c i n g s u b s i d i a r y of t h e automobile m a n u f a c t u r e r . He has over t h i r t y y e a r s of e x p er ien ce with GMAC in a c c o u n ti n g , s u p e r v is o r y p o s i t i o n s , ov er sea s branch o p e r a t i o n s and i n s u r a n c e s e r v i c e . Mr. Murphy i s a member of t h e Board of D i r e c t o r s of the Highway Users Fed e ra tio n and i s a member of th e D e t r o i t Recess Club. Lawrence S. Okinaga Honolulu, Hawaii Mr. Okinaga i s a p a r t n e r i n a Hawaii law f i r m . He r e p r e s e n t s se ve ra l Hawaii t h r i f t i n s t i t u t i o n s , commercial banks, c r e d i t unions and r e t a i l e r s on consumer c r e d i t and o t h e r r e g u l a t o r y m a t t e r s . Mr. Okinaga i s a member and p a st Vice Chairman of t h e S t a t e o f Hawaii J u d i c i a l S e l e c t i o n Commission. He has been a member of t h e Board of D i r e c t o r s and served as S e c r e t a r y t o t h e Hawaii S t a t e Bar A s s o c i a t i o n . Mervin Winston Minn eap olis , Minnesota Mr. Winston i s P r e s i d e n t of t h e M et ro p ol ita n Economic Development A s s o c i a t i o n , a n o n p r o f i t bu s in es s development and maintenance o r g a n i z a t i o n t h a t a s s i s t s b u s i n e s s e s owned and managed by e t h n i c m in o r it y r e s i d e n t s in Minnesota. Mr. Winston has formerly ser ved as Corporate D i r e c t o r of Audit Operations f o r Dayton Hudson Co rporation and Deputy D i r e c t o r o f t h e Department of Budget f o r t h e c i t y o f D e t r o i t . He i s c u r r e n t l y a member of t h e Minnesota Small Business Innovation Research Commission and t h e U.S. Small Business A d m i n i s t r a t i o n ' s Minnesota Advisory Cou nci l. The o t h e r members of t h e Council a r e : James G. Boyle Pu b li c U t i l i t y Counsel S t a t e o f Texas A u s t i n , Texas December 31, 1985 * Gerald R. C h r is te n s e n P r e s i d e n t and Chairman of ttie Board F i r s t Federal Savings and Loan A ss oc ia tio n S a l t Lake C i t y , Utah December 31, 1984 * Date i n d i c a t e s e x p i r a t i o n of term. (o v e r ) -4- Thomas L. C l a r k , J r . Deputy Su pe rin te n d e nt of Banks New York S t a t e Banking Department New York, New York December 31, 1985 Kenneth V. Larkin Executive Vice P r e s i d e n t Bank of America, N.T. and S.A. San F r a n c i s c o , C a l i f o r n i a December 31, 1985 Jean A. C r o c k e t t , Ph.D. P r o f e s s o r of Finance Wharton Graduate School U n i v e r s i t y o f Pennsylvania P h i l a d e l p h i a , Pennsylvania December 31, 1985 Elva Quijano Vice P r e s i d e n t and Executive P r o f e s s i o n a l O f f i c e r Republic Bank o f San Antonio San Antonio, Texas December 31, 1985 Meredith Fernstrom Senior Vice P r e s i d e n t O ff i c e of Publi c R e s p o n s i b i l i t y American Express Company New York, New York December 31, 1984 J a n e t J . Rathe Executive Committee Member Oregon Consumer League P o r t l a n d , Oregon December 31, 1984 J a n e t M. S c a c c i o t t i P r e s i d e n t and Chief Executive O f f i c e r Guild Loan and Investment Company Provi den ce , Rhode Is la n d December 31, 1985 Allen J . Fishbein Di r e c t o r Neighborhood R e v i t a l i z a t i o n Project Center f o r Community Change Washington, D.C. December 31, 1984 Glenda G. Sloane Di r e c t o r Housing and Community Development Center f o r National Pol ic y Review C at h o lic U n i v e r s i t y School of Law Washington, D. C. December 31, 1985 E. C. A. Fo r sb e rg , Sr. P r e s i d e n t and Chief Executive O f f i c e r Gulf Finance Co rporation A t l a n t a , Georgia December 31, 1984 Henry J . Sommer Supe rvi si ng Attorney Community Legal S e r v i c e s , Inc. P h i l a d e l p h i a , Pennsylvania December 31, 1985 Richard F. H a l l i b u r t o n Deputy D i r e c t o r Legal Aid of Western Missouri Kansas C i t y , Missouri December 31, 1985 Winnie F. Taylor A ss oc ia te P r o f e s s o r of Law Holland Law Center U n iv e r s it y of F lo r id a G ain esville, Florida December 31, 1985 Charles C. H o lt , Ph.D. P r o f e s s o r of Management U n i v e r s i t y of Texas a t Austin A u s t i n , Texas December 31, 1985 * Date i n d i c a t e s e x p i r a t i o n of te rm . (over) -5- Harry N. Jackson Vice P r e s i d e n t , C r e d it Dayton Hudson Corpo ration Mi nn eap oli s, Minnesota December 31, 1984 Michael M. Van Buskirk Community Development O f f i c e r Banc One Corporation Columbus, Ohio December 31, 1985 Clin to n Warne President Consumers League of Ohio Cle ve la nd , Ohio December 31, 1984 F r e d e ri c k T. Weimer General A s s i s t a n t t o the Vice P r e s i d e n t and General C r e d i t Manager S e a r s , Roebuck and Co. Chicago, I l l i n o i s December 31, 1984 -o-
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