Mr. Chairman, I want to commend you for facilitating the Committee's rapid consideration of Wayne Abernathy's nomination for the position of Assistant Secretary of the Treasury for Financial Institutions.
It is not very often that we consider a nominee with whom we are as familiar as we are we with Wayne. For years now, I, as well as the other members of the Committee, have had a first hand opportunity to observe his efforts as a member of the Committee staff. Through his tenure, he has demonstrated that he possesses a significant intellect, considerable wisdom, strong character, and a tremendous work ethic. Wayne's service to the Committee has been outstanding and I would like to commend and thank him for it.
Needless to say, someone with Wayne's qualities will be truly missed on Capitol Hill. However, our loss is the Administration's gain. I am supremely confident that he will provide President Bush and Secretary O'Neill with the same level of excellent service that he afforded Senators Garn, Gramm and all the members of the Committee.
Again, I want to thank Wayne for his contributions as a member of the Committee staff, and to wish him good luck on his next endeavor.