Second banker in month nominated to Fed board

US - President Bush announced 10 July that he will nominate former community banker and Senate Banking Committee aide Mark Olson to the Federal Reserve Board.

The president of his family's Security State Bank in Fergus Falls, Minn., until its sale in 1988, Mr. Olson is the second banker in a month the White House has selected for the seven-member board. Susan Schmidt Bies, executive vice president of First Tennessee National Corp., was nominated in June. They would be the first financial servi

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