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ICBA Statement on Governor Donald Kohn’s Nomination As FRB Vice Chairman

Washington, D.C. (May 19, 2006)—Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement upon the nomination of Donald L. Kohn, a member of the Federal Reserve Board, to be its vice chairman.

“We congratulate Governor Kohn for his nomination to serve as vice chairman of the Federal Reserve Board. Governor Kohn's long tenure at the Fed-- both his service in senior-most staff positions at the Board overseeing monetary policy and his current position as a member of the Board of Governors - make him uniquely qualified to assume the important role of Fed vice chairman. ICBA looks forward to working with Governor Kohn and wishes him well in his new position.”

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