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FEDERAL RESERVE BANK
OF NEW YORK

jC ircular No. 8741
January 21, 1980

A p pointm ent of P resid en t of this B an k

To A ll Banks, and Others Concerned,
in the Second Federal Reserve District:

T h e B o ard of D ire c to rs of th is B an k has a p p o in te d ANTHONY M. SOLOMON
P re s id e n t of th e B ank, effective A p ril 1, 1980. M r. Solom on su cceeds PAUL A. VOLCKER,
w ho w as n am ed C h a irm a n of th e B o ard of G overnors of th e F e d e ra l R eserve S y stem la st
A u g u st. T h e B o ard of G overnors has ap p ro v ed th e ap p o in tm e n t.

Mr. Solomon has had a varied career in business and finance, which has included
both public and private service in the United States and overseas. Prior to his current
role as Under Secretary for Monetary Affairs at the Treasury Department he was
President, from 1969 to 1972, of the International Investment Corporation for
Yugoslavia, based in London. From 1965 to 1969 he was Assistant Secretary of State for
Economic Affairs and during the two years before that he was Deputy Assistant
Secretary of State for Latin America and Deputy Assistant AID Administrator for
Latin America.
Mr. Solomon also has been on the faculty at the Harvard Business School and, for
ten years starting in 1951, lived and worked in Mexico, where he was active in both the
publishing and food processing businesses.
From 1942 to 1946 Mr. Solomon was a member of the American Financial Mission
to Iran. For the year before that he was an economist with the Office of Price
Administration, in Washington.




R o b e r t H. K n ig h t ,

Chairman of the Board.