Board of Governors of the Federal Reserve System |
Department of the Treasury
Department of Transportation
|FOR IMMEDIATE RELEASE||November 9, 2001|
CHAIRMAN GREENSPAN, SECRETARY O'NEILL , SECRETARY MINETA DESIGNATE REPRESENTATIVES TO AIR TRANSPORTATION STABILIZATION BOARD
Federal Reserve Board Chairman Alan Greenspan today designated Governor Edward M. Gramlich to serve in his place as the chairman of the Air Transportation Stabilization Board. Treasury Secretary Paul O'Neill designated Under Secretary for Domestic Finance Peter Fisher to serve in his place as a Board member and Transportation Secretary Norman Mineta designated DOT General Counsel Kirk Van Tine to serve in his place as a Board member.
Chairman Greenspan, Secretary O'Neill and Secretary Mineta will continue to be available for consultation.
The Air Transportation Stabilization Board was authorized by the Air Transportation Safety and System Stabilization Act. The Act, which was signed into law on September 22, 2001, establishes a federal loan guarantee program to assist air carriers that suffered losses due to the attacks of September 11, 2001.
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