Bush wants bank executive on Federal Reserve Board

US - President Bush has decided to nominate Susan Bies, a top official with a Tennessee bank, as a member of the Federal Reserve Board of Governors, a senior White House official said on 8 June.

Mr. Bush will have the opportunity early in his presidency to fill five of the seven seats on the Fed board. He already has nominated Fed Vice Chairman Roger Ferguson, who was originally appointed to the board by President Clinton, to a full 14-year term.

But Mr. Bush had yet to name anyone to two other