Sen. Phil Gramm, chairman of the Senate Committee on Banking, Housing and Urban Affairs, has announced a full committee hearing on the following nominations on Thursday, Nov. 4, 1999, at 10:00 a.m. in 538 Dirksen Office Building.

WHAT:

Nominations Hearing

WHEN:

10:00 a.m. Friday, Nov. 5, 1999

WHERE:

Room 538 Dirksen Senate Building

WHO:

Gregory A. Baer, of Virginia, nominated to be Assistant Secretary for Financial Institutions, Department of the Treasury.

The Assistant Secretary advises the Secretary and Deputy Secretary of the Treasury on all matters relating to financial institutions. In addition, the assistant secretary directs policy on proposed legislation concerning the regulation of private financial intermediaries and government sponsored enterprises.

Susan M. Wachter, of Pennsylvania, nominated to be Assistant Secretary for Policy Development and Research, Department of Housing and Urban Development.

The Assistant Secretary for Policy Development and Research is the principal advisor to the Secretary and Deputy Secretary on overall departmental policy, programs, evaluation, economic analysis, research and regulation of housing financial institutions. The assistant secretary is responsible for developing and revising policy and program proposals; evaluating and monitoring programs and information; and coordinating policy development and research within the Department of Housing and Urban Development, and with other departments, as well as public and private organizations throughout the United States and abroad.