P.M. BRIEFING : Mullins Expected to Be Fed Pick
President Bush plans to nominate Assistant Treasury Secretary David W. Mullins Jr. to fill a vacancy on the Federal Reserve Board, an Administration source said today.
Mullins, 43, one of the chief architects of the Administration’s bailout bill for the savings and loan industry, has served in his current position since October, 1988. Before that he taught at the Harvard Business School.
He was also the No. 2 staff member on the task force named by then-President Ronald Reagan to study the October, 1987, stock market crash.
At the Fed, Mullins would succeed H. Robert Heller, who resigned from the seven-member board in June to become executive vice president of Visa International, the credit card company. The term of the vacancy runs to Jan. 31, 1996.
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