[Congressional Record Volume 143, Number 8 (Tuesday, January 28, 1997)]
[Senate]
[Page S771]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         ADDITIONAL STATEMENTS

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  LAWRENCE B. LINDSEY'S DEPARTURE FROM THE BOARD OF GOVERNORS OF THE 
                            FEDERAL RESERVE

   Mr. ABRAHAM. Mr. President, I rise today to note the 
departure of Lawrence B. Lindsey, member of the Board of Governors of 
the Federal Reserve System, from that body. Mr. Lindsey's departure is 
a great loss for the Federal Reserve, and the nation. His tenure on the 
Board of Governors has been invaluable. His service as chairman of the 
Board's Consumer and Community Affairs Committee and as chairman of the 
Neighborhood Reinvestment Corporation, as well as his participation in 
the general business of the Board, have played a vital role in 
sustaining economic growth and price stability in this country. He will 
be missed.
  One can hardly blame Mr. Lindsey, however, for seizing the exciting 
and well-deserved opportunities that have come his way. As the Arthur 
F. Burns Chair in Economics at the American Enterprise Institute and as 
managing director of economic strategies, an economic advisory service 
based in New York City, Mr. Lindsey will be in a position to 
participate in both the intellectual and practical sides of global 
economic life during an exciting time. I am confident that all of us 
will benefit from the work he will be doing in both positions.
  I am certain that the economic community will be hearing from Mr. 
Lindsey more than ever in his new capacities. I would like to take this 
opportunity to wish him the best of luck and offer him my heart-felt 
congratulations.

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