Federal Reserve Press Release

PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.

Friends, family, and Board employees attended the ceremony, which was presided over by Federal Reserve Chairman Alan Greenspan.

Governor Bies and Governor Olson assumed their posts on 7 December following confirmation by the Senate on 6 December.

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