The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“ADDITIONAL STATEMENTS” mentioning the Federal Reserve System was published in the Senate section on pages S771 on Jan. 28, 1997.
The publication is reproduced in full below:
ADDITIONAL STATEMENTS
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LAWRENCE B. LINDSEY'S DEPARTURE FROM THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE
Mr. ABRAHAM. Mr. President, I rise today to note the departure of Lawrence B. Lindsey, member of the Board of Governors of the Federal Reserve System, from that body. Mr. Lindsey's departure is a great loss for the Federal Reserve, and the nation. His tenure on the Board of Governors has been invaluable. His service as chairman of the Board's Consumer and Community Affairs Committee and as chairman of the Neighborhood Reinvestment Corporation, as well as his participation in the general business of the Board, have played a vital role in sustaining economic growth and price stability in this country. He will be missed.
One can hardly blame Mr. Lindsey, however, for seizing the exciting and well-deserved opportunities that have come his way. As the Arthur F. Burns Chair in Economics at the American Enterprise Institute and as managing director of economic strategies, an economic advisory service based in New York City, Mr. Lindsey will be in a position to participate in both the intellectual and practical sides of global economic life during an exciting time. I am confident that all of us will benefit from the work he will be doing in both positions.
I am certain that the economic community will be hearing from Mr. Lindsey more than ever in his new capacities. I would like to take this opportunity to wish him the best of luck and offer him my heart-felt congratulations.
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