Nomination of Richard D. Erb To Be United States Executive Director of the International Monetary Fund

The President today announced his intention to nominate Richard D. Erb to be United States Executive Director of the International Monetary Fund for a term of 2 years.

Dr. Erb is currently resident fellow, American Enterprise Institute for Public Policy Research. In addition to his work at AEI, he also serves as a consultant to the Comptroller of the Currency.

In 1976-77 he was Deputy Assistant Secretary for Developing Nations Finance, Department of the Treasury. Dr. Erb was international affairs fellow, Council on Foreign Relations, and resident economist, American Enterprise Institute for Public Policy Research, in 1974-76. In 1971-74 he served as staff assistant to the president and director for international monetary affairs, Council on International Economic Policy. Dr. Erb was a consultant with Arthur D. Little, Inc., in 1969-71.

He was graduated from State University of New York at Buffalo (B.A., 1963) and Stanford University (Ph.D., 1967).

Dr. Erb is married to the former Joanna Reed Shelton. He was born in Wantagh, N.Y., on April 15, 1941.