For immediate release

The Federal Reserve Board on Monday announced the appointment of Sandra F. Braunstein as Director of the Division of Consumer and Community Affairs, effective April 1, 2004.

Ms Braunstein will succeed Dolores S. Smith, who is retiring after twenty-eight years of service at the Board, including six years as Division Director.

In 1998, Ms. Braunstein was appointed to the Board's official staff as Assistant Director and Community Affairs Officer. She was named Senior Associate Director of the Division of Consumer and Community Affairs in 2003. She currently oversees the implementation of Federal Reserve System policies and programs regarding community and economic development. She also serves as the Board's liaison to the Consumer Advisory Council and provides leadership to various consumer education and research activities.

Before joining the Federal Reserve Board in 1987, Ms. Braunstein held positions in economic and community development for nonprofit, government and private sector organizations. She is a graduate of the American University.

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