Academic journal article Federal Reserve Bulletin

Martha R. Seger: Resignation as a Member of the Board of Governors

Academic journal article Federal Reserve Bulletin

Martha R. Seger: Resignation as a Member of the Board of Governors

Article excerpt

SR0172

On January 23, 1991, Martha R. Seger announced her resignation as a member of the Board of Governors of the Federal Reserve System, effective at a date to be determined later. Governor Seger has been a member of the Board since July 2, 1984.

In her letter of resignation to President Bush, Governor Seger said she felt it was the appropriate time to leave the Board to pursue other interests and to tend to personal and family responsibilities.

During her term as a Board member, Governor Seger has also chaired the Neighborhood Reinvestment Corporation and filled the Federal Reserve seat on the National Women's Business Council.

Her letter of resignation follows:

January 22, 1991
President George Bush
The White House
Washington, D.C.

Dear President Bush:

I have been trying to get an appointment to see you for the last few months and for very understandable reasons have not been able to get on your schedule. Besides wanting to discuss some concerns I had over the health of our economy and the financial system, I wanted to inform you of my family situation and why it would probably cause me to leave Washington in the not too distant future.

After lengthy discussions with family members and good friends, I have decided that this is the appropriate time to make that decision. Thus, after serving nearly seven years as a Governor of the Federal Reserve and getting half way through my very long term, I would like to resign to pursue other interests and tend to personal and family responsibilities. …

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