International Monetary Fund Nomination of Sam Y. Cross, It., To Be U.S. Executive Director.

The President today announced that he will nominate Sam Y. Cross, Jr., of Falls Church, Va., to be U.S. Executive Director of the International Monetary Fund. Cross has been U.S. Executive Director of the IMF since 1974, so this would be a reappointment.

Cross was born May 5, 1927, in Sanford, Fla. He received a B.S. in 1949 and an M.A. in 1950 from the University of Tennessee.

From 1952 to 1956, Cross was an assistant U.S. Treasury representative. He served as an economist from 1957 to 1963 and as a U.S. Treasury representative from' 1963 to 1967. From 1967 to 1970, Cross was Director of the Office of Developing Nations, and from 1970 to 1973, he was Director of the International Monetary System at the Treasury Department.

Cross served as Deputy Assistant Secretary of the Treasury for International Monetary and Investment Affairs from 1973 to 1975. Since 1975 he has been U.S. Executive Director of the IMF and Special Assistant to the Secretary of the Treasury.