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WASHINGTON – Alan Greenspan took the oath of office as Federal Reserve Chairman for the fifth time June 19. At the Colorado home of former President Gerald Ford and his wife, Vice President Dick Cheney administered the oath. Greenspan’s wife, Andrea Mitchell, was also in attendance. His fifth four-year term as chairman began June 20, 2004, but his term on the board only runs through Feb. 1, 2006. President George W. Bush nominated Greenspan on May 18 and he was confirmed by the Senate on June 17. He originally took office on August 11, 1987. He has been designated chairman by Presidents Ronald Reagan, George H.W. Bush, Bill Clinton, and the current President Bush. Greenspan’s previous presidential appointments include the President’s Foreign Intelligence Advisory Board, the Commission on Financial Structure and Regulation, the Commission on an All-Volunteer Armed Force, and the Task Force on Economic Growth. He has also served on Reagan’s Economic Policy Advisory Board, Time magazine’s Board of Economists, a senior adviser to the Brookings Panel on Economic Activity, and a consultant to the Congressional Budget Office. Before his appointment to the Fed, Greenspan served as a corporate director for Aluminum Company of America (Alcoa); Automatic Data Processing, Inc.; Capital Cities/ABC, Inc.; General Foods, Inc.; J.P. Morgan & Co., Inc.; Morgan Guaranty Trust Company of New York; Mobil Corporation; and The Pittston Company. Aside from a number of honorary degrees, Greenspan received a bachelor’s in economics (summa cum laude) in 1948, an M.A. in economics in 1950, and a doctorate. in economics in 1977, all from New York University. The native New Yorker also has performed advanced graduate study at Columbia University.

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