The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
....... BOARD OF GOVERNOR5 O F THE F E D E R A L R E S E R V E SYSTEM W A S H I N G T O N . 0.C. 20551 ...... E D W A R D M. G R A M L I C H M E M B E R O F THE B O A R O May 18,2005 The Honorable George W. Bush The President of the United States The White House Washington, D.C. 20500 Dear Mr. President: I respectfully tender my resignation as of August 31,2005. It has been a great privilege to serve the country as a member of the Board of Governors of the Federal Reserve System. I am grateful to President Clinton and the Senate for the confidence they showed in me in providing me with this opportunity. I have had a most rewarding experience as a member of the Board of Governors. I have valued the opportunity to work with Chairman Greenspan, the other Governors, the Presidents of the Reserve Banks, and the extraordinary Board staff. During my time here I believe we have accomplished much. We have met several difficult monetary challenges, and several diverse regulatory challenges. The Federal Reserve was already an outstanding agency, and it has been very satisfying to work to keep it abreast of economic and financial developments. It has been an experience I will treasure always. Sincerely,