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OPENING R E M A R K S OF MONROE KIMBREL INTERNATIONAL BANKERS CONFERENCE A u g u s t 1, 1978 G o o d M o r n i n g - W e l c o m e to Atlanta and to the Fed e r a l R e s e r v e B a n k of Atlanta. I a m M o n r o e Kimbrel, President, Fed e r a l R e s e r v e B a n k of Atlanta. All of m y associates join in wishing for y o u a m o s t delightful stay in our city. In the fall of 1974, the Federal R e s e r v e B a n k of Atlanta established within its R e s e a r c h D e p a r t m e n t a unit to conduct research and analysis of a portion of Latin A m e r i c a w e h ave t e r m e d the C a r i b b e a n Basin. The establishment of the p r o g r a m w a s in response to the growing importance of international trade and finance in this District with B asin economies, as well as the growing importance of international e c o n o m i c activity to our country as a whole. T h e r e s e a r c h acc o m p l i s h e d by the Caribbean Basin Unit is published in a bi-monthly bulletin, the Caribbean B a s i n E c o n o m i c Survey. this reaches all of y ou on a regular basis. W e assume T h e S u r v e y takes a topical rather than country focus and analyzes basic p r o b l e m s and issues of pertinence to the B a s i n and to the U. S. e c o n o m y . - 2 - T o ac c o m p l i s h such research, w e have h a d to build a strong library. This received the highest priority u p o n initiating the Unit. It is our plan to get the central bank, statistics and census, and national i n c o m e account data of each B a s i n e c o n o m y . A l r e a d y w e are close to having the best e c o n o m i c data b ank within the Southeast, and, hopefully, w e are going to have for Basin e c o n o m i e s one of the best libraries anywhere. During your stay, you are w e l c o m e to visit the Basin collection in our R e s e a r c h library. W e rely not only u p o n published data but are increasingly developing direct contacts with Basin e c o n o m i e s themselves. W e have visited m o s t of the B a s i n central banks a nd superintendents of banks in the past f ew years to k n o w m o r e of y ou and to broaden our information about the structure of B a s i n banking and finance. stimulating sessions. During these visits, w e h a v e engaged in m a n y O n e of the issues in the forefront of the thoughts of both C a r i b b e a n B a s i n and United States central bankers and superintendents of banks has been the impor t a n c e and changing facets of supervision and regulation. Truly, this conference is being held because we, the Fed e r a l R e s e r v e B a n k of Atlanta, asked you, the Basin central bankers, w h a t y o u n e e d e d and w h a t you could not get elsewhere. "supervision and regulation of our banks." w o r k i n g on this conference; O v e r and over, y o u told us W e listened to y o u and started you listened to us and r e sponded with superb -3- participation and attendance, to our obvious m utual benefit. W e are h a p p y that you are here. particularly pleasant and productive. W e hope your stay will be If there is something special w e can do to enhance your visit, please let us know. A n d now, m a y w e turn to the m o d e r a t o r for your conference. A native of Illinois, he did his undergraduate w o r k at M i chigan State University and received both his Master's and Doctor's degrees f r o m the University of Illinois. His experience includes a M i d w e s t University C o n s o r t i u m Fellowship (Costa Rica and Honduras), and a Latin A m e r i c a n Teaching Fellowship in Venezuela. H e also taught at the University of Illinois. H e has traveled extensively through Latin A m e r i c a . It w a s our pleasure to have h i m join the F ed e r a l R e s e r v e B a n k of Atlanta in S e p t e m b e r 1974 and to begin your p r o g r a m this morning, it is our pleasure to recognize our Senior C a ribbean B asin Economist, Dr. D o n a l d Baer.
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