Senator Paul S. Sarbanes, Chairman of the Committee on Banking, Housing and Urban Affairs, has announced that the full Committee will hold a hearing on the two pending nominations to the Board of Governors of the Federal Reserve System.

The hearing will be held:

The following Federal Reserve Board nominations will be considered:

• Dr. Susan Schmidt Bies, of Tennessee, to be a member of the Board of Governors of the Federal Reserve System; and
• Mr. Mark W. Olson, of Minnesota, to be a member of the Board of Governors of the Federal Reserve System.

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