    [Public Papers of the Presidents of the United States: William J. Clinton (1999, Book I)]
    [June 3, 1999]
    [Pages 873-874]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on the Resignation of Alice Rivlin as
    Vice Chair of the Board of Governors of the Federal Reserve System
    June 3, 1999

        I am sorry to hear that Alice Rivlin is stepping down as Vice Chair
    of the Federal Reserve. During my administration, she has served with
    distinction and integrity both as Vice Chair of

    [[Page 874]]

    the Federal Reserve and as Director of the Office of Management and
    Budget. For many years, Alice has been a steady and strong voice for
    fiscal discipline, and she deserves much credit for helping usher in a
    new era of budget surpluses.
        Alice has a deep and abiding commitment to the city of Washington,
    DC. Her work and advice have played a critical role in helping turn
    around the finances of our Capital City and putting the District in a
    better position to reshape its future. I am glad that she will continue
    her work as Chair of the DC Financial Assistance Authority. I thank
    Alice for her dedication and hard work and wish her well in the future.