May 13, 1986 |
H. Robert Heller, a Bank of America economist with no known inclination toward any particular brand of monetary policy, was nominated Monday by President Reagan for a seat on the Federal Reserve Board. Heller's speciality is international economics, an increasingly important policy area as the U.S. trade deficit is hitting annual records and the dollar is falling in comparison with other currencies.
May 5, 1987
Federal Reserve Board Governor H. Robert Heller said the move would boost U.S. competitiveness in international markets. In a speech in Washington, Heller said U.S. banking regulators' current approach of moving on a case-by-case basis was too cumbersome. He said that restrictions on interstate banking hinder the ability of U.S. manufacturers to export goods while limits on bank holding company activities prevent U.S. banks from competing with overseas institutions.
November 29, 1989 |
President Bush plans to nominate Assistant Treasury Secretary David W. Mullins Jr. to fill a vacancy on the Federal Reserve Board, an Administration source said today. Mullins, 43, one of the chief architects of the Administration's bailout bill for the savings and loan industry, has served in his current position since October, 1988. Before that he taught at the Harvard Business School. He was also the No.
June 21, 1989 |
Federal Reserve Board Gov. H. Robert Heller announced today that he is resigning, effective July 31, citing the decision by Congress earlier this year to reject a pay increase for top federal officials. Heller, a Ronald Reagan appointee from California who served on the Fed board for three years, stressed that he is resigning for personal reasons and not because of any policy differences with the six other members of the Federal Reserve Board. "I certainly wouldn't go if pay wasn't an issue," he told reporters.