Nomination of Alan Greenspan To Be Alternate United States Governor of the International Monetary Fund

The President today announced his intention to nominate Alan Greenspan to be the United States Alternate Governor of the International Monetary Fund for a term of 5 years. He would succeed Paul A. Volcker.

Mr. Greenspan is currently Chairman and member of the Board of Governors of the Federal Reserve System. Prior to this he was president and chairman of Townsend-Greenspan Co. & Inc., 1954-1974 and 1977-1987. He served on the Council of Economic Advisers, 1970-1974; Chairman of the Council, 1974-1977; and was a member of the President's Economic Policy Advisory Board, 1981.

Mr. Greenspan graduated from New York University (B.S., 1948; M.A., 1950; and Ph.D., 1977). He was born March 6, 1926, in New York, NY, and resides in Washington, DC.