United States Railway Association Nomination of Two Members to the Board of Directors.

The President today announced that he will nominate two persons to be members of the Board of Directors of the United States Railway Association. They are:

Franklin D. Raines, of Seattle, Wash. Raines, 31, has been a vice president in the New York investment banking firm of Lazard Freres & Co. since 1979. He is active in municipal finance, mergers and acquisitions, and Government-assisted corporate finance. He was previously Associate Director for Economics and Government in the Office of Management and Budget. In 1977 and 1978, he was Assistant Director of the White House Domestic Policy Staff.

Stanton P. Sender, of Washington, D.C. (reappointment). Sender, 47, has been transportation counsel of Sears, Roebuck and Co., since 1969 and is an expert on rail transportation. He is a member of the board of directors and executive committee of the National Industrial Traffic League and serves on the transportation committees of the American Retail Federation and National Retail Merchants Association. He is former chairman of the Transportation Council.