Each depositor insured to at least $250,000 per insured bank

Dennis R. Beresford

The University of Georgia
J.M. Tull School of Accounting

Dennis R. Beresford is Ernst & Young Executive Professor of Accounting, J. M. Tull School of Accounting, University of Georgia. From January 1987 through June 1997 he was chairman of the Financial Accounting Standards Board. Previously, he was national director of accounting standards for Ernst & Young. He is a graduate of the University of Southern California.

Denny is a member of the national Board of Directors of the Institute of Management Accountants. He was one of the first individuals to earn the Certificate in Management Accounting. He served as chairman of the AICPA's Accounting Standards Executive Committee and as a member of the AICPA Council. In 1982-84, he was one of the two U.S, representatives on the International Accounting Standards Committee.

In 1986, the Beta Alpha Psi accounting fraternity selected Denny as Accountant of the Year. He received the Annual Literary Award from the Journal of Accountancy in 1984. In 1995, he was awarded an honorary Doctor of Humane Letters degree from DePaul University and in 1997 he received the Lifetime Achievement Award from the California Society of CPA's. He is an Associate Editor of Accounting Horizons and is a member of Financial Executives International and the American Accounting Association.

Denny also is a Director of National Service Industries, Inc., a NYSE-listed company, and Chairman of its Audit Committee.

James S. Chanos

Kynikos Associates, Ltd.

Mr. James S. Chanos is President of Kynikos Associates, Ltd. Started in 1985 by Mr. Chanos, Kynikos Associates provides investment management services for both domestic and offshore clients. Through investment partnerships, corporations and managed accounts, both domestic and offshore, Kynikos Associates maintains a portfolio of overpriced securities for clients.

Kynikos Associates, Ltd., through the domestic Ursus Partners fund as well as Ursus International, Ltd. for international clients, provides the investment strategy of profiting from unhedged short selling of overvalued securities. Mr. Chanos also manages the fully hedged Beta Hedge and Beta Hedge International funds for domestic and offshore investors. Both the Ursus and Beta Hedge fund families profit from the unusually high alphas found on the short side of the U.S. equity market.

Born and raised in Milwaukee, Wisconsin, Mr. Chanos graduated from Yale University in 1980 and presently lives in New York with his wife and four children. Between graduation and starting his own firm, Mr. Chanos gained financial experience as an analyst with Paine Webber, Gilford Securities and Deutsche Bank where his specialty was finding and evaluating overpriced securities.

Global Investment Research. New York

Abby is Chair of the Investment Policy Committee and is responsible for U.S. portfolio strategy. She became a managing director in 1996. Prior to joining the firm in 1990, she held a similar position at Drexel Burnham Lambert. Previously, she was with T. Rowe Price Associates as an economist and quantitative analyst. Abby began her career as an economist at the Federal Reserve Board in Washington, D.C.

Abby’s extracurricular activities focus on education. She is a Trustee Fellow of Cornell University and serves on the Board of Overseers of the Weill Medical College of Cornell. She previously served as Chair of the Association of Investment Management and Research (AIMR) and of the Institute of Chartered Financial Analysts (ICFA). Abby has been a guest lecturer at several graduate schools of business schools and universities, and has participated in programs for New York City public schools. She serves on the investment committees of the Museum of Modern Art and Cornell University. Abby is one the board of the Council for Excellence in Government and is a member of the Council of Foreign Relations.

Abby holds degrees in Economics from Cornell and the George Washington University, and has received honorary doctorates in Engineering and Humane Letters. She is highly ranked in U.S. portfolio strategy by Institutional Investor Magazine and Greenwich Associates. She was inducted into the Wall Street Week Hall of Fame in 1997 and has been honored by many groups, including the Financial Women’s Association and the New York Stock Exchange.

Sullivan & Cromwell

H. Rodgin Cohen joined Sullivan & Cromwell in 1970 after graduating from Harvard College (B.A., magna cum laude 1965) and Harvard Law School (LL.B. 1968). He became a partner of the firm in 1977 and Chairman of the firm in July 2000.

The primary focus of Mr. Cohen’s practice has been regulatory, acquisitions and securities laws matters for domestic and foreign banking and other financial institutions. Mr. Cohen also represents The New York Clearing House Association, which is the association of the 11 major U.S. banks.

Mr. Cohen has worked on a wide variety of bank regulatory matters with the four banking regulatory agencies, as well as other governmental agencies, on behalf of many of the largest U.S. and non-U.S. banking institutions, and the New York Clearing House. These matters have included bank product and geographic powers, restrictions on bank operations, insurance of bank deposits, the Community Reinvestment Act, and Bank Secrecy Act and money laundering. Mr. Cohen was a member of the Group of 30 Study Group on "Global Institutions, National Supervision and Systemic Risk" (1997) and the New York Superintendent’s Advisory Committee on Transnational Banking Institutions (1992) and participated in the bank negotiations to free the Iranian hostages.

In the acquisitions area, Mr. Cohen has been engaged in most of the major bank acquisitions in the United States, including First Union-Wachovia, U.S. Bancorp-Firstar, Wells Fargo-Norwest, First Union-Corestates, Wells Fargo-First Interstate, Chemical-Chase, First Union-First Fidelity, Key-Society, Mellon-Dreyfus, NationsBank-C&S, and Bank of New York-Irving, as well as numerous other acquisitions. In cross-border transactions, he was engaged in Allianz-Dresdner, UBS-PaineWebber, Credit Suisse-DLJ, Société Générale-Paribas, Dexia-FSA, Mitsubishi-Bank of Tokyo, Credit Suisse-First Boston, Sumitomo-Goldman Sachs, Royal Bank of Canada-Bank of Montreal, Mitsubishi-Bank of California, and acquisitions or divestitures by Barclays Bank, National Westminster, Midland Bank, Lloyds Bank, Bank of Ireland and Istituto Bancario San Paolo di Torino. Mr. Cohen has also worked on a number of major cross-industry acquisitions, including Mellon-Dreyfus and NationsBank-Montgomery, as well as acquisitions in the insurance industry.

In the securities area, Mr. Cohen worked on the first public offering in the United States by a foreign bank (Barclays) and on a number of other offerings in the United States by foreign banks. He has also worked on public offerings by Citicorp, Chase, Chemical, Morgan Guaranty, Security Pacific, First Interstate, Bank of New York, BancOne, Mellon, First Union, Shawmut, Wachovia, First Bank System, Continental Illinois, First Fidelity, MBNA, Republic New York, KeyCorp and Norwest.

Mr. Cohen has also participated in the resolution of most major bank failures, including Continental, First City, Southeast, Franklin National and Bank of New England and, at the recommendation of the Federal Reserve, the Ohio thrift crisis.

Mr. Cohen is a frequent speaker on banking law matters and the author of numerous articles on issues in commercial banking. A partial list includes: "Global Consolidation in the Financial Services Sector", Global Banking and Financial Policy Review (2001); "Landmark Legislation", New York Law Journal (1999); "The New Phase of Bank Consolidation", Wake Forest Law Review (1992); and "Interstate Banking: Myth & Reality", Loyola of Los Angeles Law Review (1985). He is also a member of the Board of Advisors of the Banking Law Review, the National Board of Contributors of the American Lawyer Newspaper Group, and the Editorial Advisory Board of Banking Expansion Reporter.

Mr. Cohen is a trustee of New York Presbyterian Hospital and the Hackley School, and is a member of the advisory board of Wall Street Rising.

In the Best Business Lawyer Survey (2001-2002) published by Chambers and Partners, Mr. Cohen was ranked in a tie for first place as the best business lawyer in the United States. He was named as the leader of the BTI Consulting Group’s 2001 Law Firm Client Service All-Star Team based on client recommendations

United States Senate

Jon S. Corzine was elected to his first term in the United States Senate in November 2000, after a long and successful career as an investment banker.

The former co-chairman and co-chief executive officer of Goldman Sachs, Senator Corzine ran for public office on a platform that called for a greater federal role in health care and education, and demanded a strong federal commitment to equal rights and equal opportunities. Senator Corzine was born on Jan. 1, 1947 and grew up on a small family farm in the central Illinois community of Willey's Station, a railroad station stop outside of Taylorville. His father farmed and sold insurance; his mother was a public school teacher.

The senator learned early in his life the value of a strong public education system, attending quality public schools in his community and the state-supported University of Illinois at Urbana-Champaign. He was graduated Phi Beta Kappa from Illinois in 1969. Tuition at the time was just $125 per semester.

After graduation from Illinois, Senator Corzine enlisted in the U.S. Marine Corps Reserves. He remained in the reserves until 1975, rising to the rank of sergeant in his infantry unit. After his duty in the Marine Corps, he began a career in finance, working as a portfolio analyst at the Continental Illinois National Bank in Chicago. Also in 1970, he enrolled at the graduate business school of the University of Chicago. He received his MBA in 1973, and went to work at Bank Ohio, a regional bank in Columbus, Ohio.

In 1975, Senator Corzine was hired as a bond trader at Goldman Sachs in New York, and he and wife Joanne decided to make New Jersey their home, raising their three children -- Jennifer, Joshua, and Jeffrey -- in Summit, a suburban community in Union County, New Jersey. The senator was named a partner at Goldman Sachs in 1980, and rose quickly in the investment firm's management ranks. He became chairman and chief executive officer in 1994, eventually transforming the company from a private partnership to a public company, better positioned to compete in the 21st Century.

During Senator Corzine's leadership at Goldman Sachs, the business magazine Fortune named Goldman Sachs one of the 10 best companies in America. The senator was named by Time magazine as one of the top 50 technology executives in the country in 1997. Also that year, President Clinton named Senator Corzine the chairman of a presidential commission to study capital budgeting as a means of increasing federal investment in technology, infrastructure and schools.

As the chief executive officer at Goldman Sachs, Senator Corzine expanded the company's community outreach and philanthropic programs, establishing a company-wide service program in which employees volunteer on a regular basis in their communities. Members of his Senate staff in Washington and New Jersey now do similar volunteer work.

Senator Corzine has been personally involved in a number of community and philanthropic programs. He co-chaired the Summit areas YMCA Second Century Campaign, which helped rebuild his hometown's Y. He also served as a director of Family Services of Summit and was a member of the fund-raising board of Overlook Hospital in Summit.

Through personal contributions, he helped sponsor ten inner city parochial schools in New York and New Jersey.

He is a member of the boards of trustees of New York University's Child Study Center, the University of Chicago, the New Jersey Performing Arts Center in Newark, and the Kennedy Center for the Performing Arts in Washington, D.C.

Senator Corzine is a member of the Joint Economic Committee, the Environment and Public Works Committee, Budget, and the Banking, Housing, and Urban Affairs Committee.

Chief Investment Officer – Managing Director

Steve joined Morgan Stanley in the summer of 2000 as a Managing Director. As Chief Investment Officer he is responsible for leading Morgan Stanley’s strategy effort in fundamental, quantitative and technical analysis.

Previously he had been a Partner at Sanford Bernstein where he had covered the packaged foods sector and later the securities industry. He had been a highly ranked analyst in both industries. Prior to joining Bernstein, Steve spent time with Chase Manhattan working in various locations including the U.K., Hong Kong, Latin America and New York.

Steve has been (and continues to be) an Adjunct Professor at Columbia University Business School, where he teaches securities analysis.

Mr. Galbraith graduated Summa Cum Laude from Tufts University where he was elected to Phi Beta Kappa. He holds degrees in both economics and English.

Steve and his wife Lucy (also a Managing Director at Morgan Stanley) live in Darien, CT with their daughter Katie and son Harry.

U.S. Securities and Exchange Commission

Cynthia A. Glassman was appointed by President Bush to the U.S. Securities and Exchange Commission and sworn in on January 28, 2002.

Prior to being appointed Commissioner, Dr. Glassman spent over 30 years in the public and private sectors focusing on financial services regulatory and public policy issues. She spent the first 12 years of her career at the Federal Reserve, first at the Federal Reserve Bank of Philadelphia and subsequently at the Board of Governors, where her positions included Chief of the Financial Reports Section and Special Assistant to Governor Henry C. Wallich. While at the Board of Governors, Dr. Glassman spent one year on assignment to the U.S. Department of the Treasury as Senior Economist in the Office of Capital Markets Legislation during the Carter Administration. Subsequently, she spent two years at Economists Incorporated, eight years at Furash & Company, where she was the Managing Director for the financial services regulatory and public policy practices, and five years at Ernst & Young, in the Risk Management and Regulatory Practice and the Quantitative Economics and Statistics group.

Dr. Glassman taught economics at the University of Cambridge, England, where she remains a Senior Member of Lucy Cavendish College. She has served on the Boards of the Federal Reserve Board Credit Union, the National Economists Club, Women in Housing and Finance, and the Commission on Savings and Investment in America, and was on the Executive Advisory Committee for the Bank Administration Institute's Certified Risk Professional Certification Program.

Dr. Glassman received her M.A. and Ph.D. in Economics from the University of Pennsylvania and her B.A. in Economics from Wellesley College.

Assistant to the President for Economic Policy
Director of the National Economic Council
White House

Lawrence B. Lindsey is Assistant to the President for Economic Policy and Director of the National Economic Council at the White House. From 1997 to January of 2001, Dr. Lindsey was a Resident Scholar and holder of the Arthur F. Burns Chair in Economics at the American Enterprise Institute in Washington, DC. He was also Managing Director of Economic Strategies, an economic advisory service based in New York City. During late 1999 and throughout 2000 he served as then-Governor George W. Bush's chief economic advisor for his presidential campaign.

Dr. Lindsey served as a Member of the Board of Governors of the Federal Reserve System for five years from November 1991 to February 1997. Additionally, Dr. Lindsey was Chairman of the Board of the Neighborhood Reinvestment Corporation, a national public/private community redevelopment organization, from 1993 until his departure from the Federal Reserve. Prior to joining the Board, Dr. Lindsey was a Special Assistant to the President for Policy Development during the Bush Administration. He is a former professor of Economics at Harvard University. Dr. Lindsey also served three years on the staff of the Council of Economic Advisers during the Reagan Administration where he was Senior Staff Economist for Tax Policy.

Dr. Lindsey was born on July 18, 1954 in Peekskill, New York. He received his A.B. magna cum laude from Bowdoin College and his Masters and Ph.D. in Economics from Harvard University. He is the author of The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy (Basic Books, New York, 1990) and Economic Puppetmasters: Lessons from the Halls of Power (AEI Press, Washington, DC, 1999), and has contributed numerous articles to professional publications. His honors and awards include the Distinguished Public Service Award of the Boston Bar Association, 1994; an honorary Juris Doctor Degree from Bowdoin College, 1993; selection as a Citicorp/Wriston Fellow for Economic Research, 1988; and the Outstanding Doctoral Dissertation Award from the National Tax Association, 1985.

Dr. Lindsey, his wife, Susan, and children Troy, Emily, and Thomas reside in Clifton, Virginia.

Managing Partner
Promontory Financial Group, LLC

Eugene A. Ludwig is the Managing Partner of Promontory Financial Group, LLC, a merchant bank specializing in the financial services sector. Promontory Financial invests in, advises and creates financial products in conjunction with this sector.

Mr. Ludwig was previously Vice Chairman and Senior Control Officer of Bankers Trust Corporation/Deutsche Bank with responsibility for a range of senior administrative and control issues central to implementing the firm’s global strategy in securities underwriting, lending and related businesses. Prior to assuming his position at Bankers Trust/Deutsche Bank, Mr. Ludwig served as the Comptroller of the Currency of the United States, leaving office on April 4, 1998, at the end of his five-year term.

At Bankers Trust/Deutsche Bank, Mr. Ludwig was a member of the firm’s Management Committee, chairman of the Control Committee and co-chairman of the Capital Commitment Committee, (which approve all significant transactions and sets risk and credit limits). His overall responsibilities included legal, credit, risk management, and compliance activities, as well as regulatory and legislative affairs. He also had administrative responsibility for the audit group.

As Comptroller of the Currency, Mr. Ludwig headed the Office of the Comptroller of the Currency (OCC); the federal agency responsible for supervising federally chartered commercial banks and federal branches and agencies of foreign banks. These banks and branches account for the preponderance of bank assets in the United States. Mr. Ludwig also was chairman of the Federal Financial Institutions Examination Council, chairman of the Neighborhood Housing Services, chairman of the interagency Federal Consumer Electronic Payments Task Force, a director of the Federal Deposit Insurance Corporation, a member of the President’s Working Group on Financial Markets and a member of the Basle Committee on Banking Supervision.

Mr. Ludwig led the OCC during a period of substantial change – both within the financial marketplace as well as in the supervisory and examination practices of the agency. He dramatically improved safety and soundness supervision of the banking industry, having developed a "supervision by risk" approach to bank supervision that has been adopted domestically by all other federal safety and soundness supervisors and abroad by the Bank of England and subsequently by the British Financial Services Authority (FSA). Mr. Ludwig spearheaded the Administration’s effort to modernize the banking industry by allowing banks to engage in a wide variety of new activities and to operate under a dramatically less burdensome set of rules and regulations. And Mr. Ludwig led the Federal Government’s effort to reform the Community Reinvestment Act and vigorously enforced the fair lending laws which resulted in a fourfold increase in lending to and investing in America’s low- and moderate-income communities.

His accomplishments as Comptroller were widely acknowledged:

• "Mr. Ludwig is widely credited with helping to transform the once ailing US banking system." The Financial Times (3/17/98).

• "Ludwig’s record as Comptroller is unsurpassed." The American Banker (1/29/98).

• "Ludwig gets bankers’ credit for helping modernize the industry. When Ludwig steps down as Comptroller of the Currency, he will leave behind a legacy of expanded bank powers, unprecedented industry strength, and record profits." The American Banker (1/20/98).

• "As his five-year term ends, Comptroller of the Currency, Eugene Ludwig, is leaving a record of almost unparalleled activism and court-sanctioned expansion of bank powers that has bankers cheering." US Banker (4/98).

• "Bankers cheer their regulator, who broadens their powers and angers Congress." Barron’s (5/27/96).

• "Since its founding 125 years ago, the Office of the Comptroller has been a strong force in this country for the maintenance of a sound and competitive banking system, and your vision and leadership as Comptroller over the past five years have been in the finest tradition of that Office." Robert E. Rubin, Secretary of the Treasury (1/15/98).

• "Over the past five years, you played a key role in improving our nation’s financial system. Your dedication and expertise have helped to ensure that this system provides fair access to credit at competitive prices and a broad array of financial products and services for Americans across our nation. You can also be proud of your hard work in helping to create and implement our current model of regulatory supervision, which has been adopted by virtually all our federal depository institutions’ regulators, as well as by banking supervisors abroad. This exceptional model will help ensure that our national banking system remains strong and able to support our growing economy as we enter the 21^st century." President William Jefferson Clinton (2/24/98).

Prior to becoming Comptroller in 1993, Mr. Ludwig was a partner in the law firm of Covington and Burling in Washington, specializing in banking and international trade. He has written numerous articles on banking and finance for scholarly journals and publications and has been a guest lecturer at Yale and Harvard law schools and Georgetown University’s International Law Institute.

A native of York, Pennsylvania, he graduated magna cum laude from Haverford College and received a scholarship to Oxford University, where he earned a Bachelor of Arts degree and a Masters of Arts degree as a Keasbey Fellow. He holds a LLB from Yale University where he was editor of the Yale Law Journal and chairman of Yale Legislative Services.

Mr. Ludwig is currently a member of the Boards of Shorebank Corporation, DeepGreen Bank, the National Academy Foundation, the Social Compact, and the National Building Museum.

CEO – Gupton Marrs International, Inc.
Retired National Managing Partner, Audit – KPMG LLP

Prior to co-founding Gupton Marrs International (a management consulting firm that assists leading global organizations in implementing innovative approaches to performance and risk management), Frank served as National Managing Partner of Audit at KPMG. He also served on the KPMG International Audit & Accounting Committee and led the worldwide design and rollout of the firm's risk-based assurance services. As a member of KPMG's Management Committee, Frank led several key strategic initiatives, including the firm's quality strategy, and was directly responsible for many improvements in the firm's business processes and systems.

Frank received a Bachelor of Business Administration (Accounting) degree from West Texas State University, and is a CPA. He has served as a member of several AICPA subcommittees and has co-authored Auditing Organizations Through a Strategic-Systems Lens (1997), which received the Joint AICPA/AAA Collaboration Award, and "Enterprise Concept: Business Modeling Analysis and Design", Handbook of Industrial Engineering, Chapter 2, (2001).

Center for Strategic and International Studies

Laurence H. Meyer, a recently retired member of the Board of Governors of the Federal Reserve, joined the Center for Strategic and International Studies as a distinguished visiting scholar on February 1.

Meyer served as a Fed governor from June 20, 1996 until January 31, 2002. He was widely recognized as an influential member of the Federal Open Market Committee and built a reputation for independent thinking and straight talk about monetary policy. Fed Chairman Alan Greenspan said, "Larry Meyer has made an important contribution to the Board’s monetary policy. His thoughtful insights into technical issues and his technical expertise have materially enhanced the deliberations of the Board and the Federal Open Market Committee. His influence will carry on beyond his tenure as a Board member."

Meyer was chairman of the Committee on Supervisory and Regulatory Affairs, overseeing the Board’s regulatory implementation of Gramm-Leach-Bliley Act and its participation in negotiations toward a new international capital accord. He also represented the Federal Reserve Board in several international fora, including the Financial Stability Forum, the Economic Policy Committee of the OECD, and APEC. He was responsible for monitoring developments in the Asia Pacific region and participated in U.S. bilateral dialogues with the central banks and finance ministries of Japan, China, and India.

Dr. Meyer was born on March 8, 1944 in the Bronx, New York. He received a B.A. (magna cum laude) from Yale University in 1965 and a Ph.D. from Massachusetts Institute of Technology in 1970.

Dr. Meyer is recognized as one of the nation’s leading economic forecasters. He was honored by Business Week in 1986 as the top forecaster of the year on its forecast panel. He was similarly honored in 1993 and 1996 with the prestigious Annual Forecast Award, presented to the most accurate forecaster on the panel for Blue Chip Economic Indicators.

Before becoming a member of the Fed Board, Meyer was president of Laurence H. Meyer and Associates (renamed Macroeconomic Advisers when Meyer joined the Board), a St. Louis-based economic consulting firm specializing in macroeconomic forecasting and policy analysis. He was also a professor of economics and a former chairman of the economics department at Washington University.

Cleary Gottlieb Steen & Hamilton

John C. Murphy is a partner based in the Washington office.

Mr. Murphy’s practice focuses on both domestic and international financial institution matters and corporate transactions. He represents financial institutions and investors in connection with mergers, acquisitions, restructurings and financings, regulatory and supervisory issues, new product development, enforcement proceedings and international transactions and proceedings. Mr. Murphy has extensive experience advising foreign governments, international organizations and private sector clients on financial sector restructuring, privatizations, and troubled institutions. Mr. Murphy has been recognized in The Best Lawyers of America, Euromoney Institutional Investor PLC’s Guide to the World’s Leading Banking Lawyers, and Law Business Research Limited’s An International Who’s Who for Banking. Mr. Murphy lectures and is widely published on banking, thrift and securities matters and is a member of the editorial advisory boards of Banking Policy Report and Electronic Banking Law and Commerce Report.

Mr. Murphy joined the firm in 1977 and became a partner in 1982. From 1984 to 1987, Mr. Murphy served as General Counsel of the Federal Deposit Insurance, and from 1975 to 1977, as Special Counsel with the Office of the Bank Study of the Securities and Exchange Commission. He received a J.D. degree, cum laude, from the University of Pennsylvania Law School in 1972 and was a graduate fellow at the University of Pennsylvania Center for Study of Financial Institutions. Mr. Murphy received an undergraduate degree, cum laude, from Georgetown University in 1967.

Mr. Murphy is a member of the Bars of the District of Columbia and California, and is admitted to practice before the U.S. Supreme Court and the U.S. Courts of Appeal for the District of Columbia and the Third Circuit. He has served as Chairman of the Executive Council of the Banking Law Committee of the Federal Bar Association and as Chairman of the Subcommittee on Bank and Bank Holding Company and Acquisitions and Dispositions of the Banking Law Committee of the American Bar Association.

U.S. House of Representatives

Congressman Oxley is serving his tenth term in the House of Representatives and is Chairman of the new House Committee on Financial Services. He leads 37 Republicans, 32 Democrats, and 1 Independent on the Committee, which oversees Wall Street, banks, and the insurance industry. In addition to financial matters, Oxley has a long involvement with trade, telecommunications, and energy issues. A firm believer in market competition, Oxley draws on his business and financial expertise to advocate policies promoting personal savings, jobs, and economic growth.

Securing Our Financial Future

Finance and capital formation issues underpin the U.S. economy, and affect everything from business expansions to homebuyers seeking a mortgage. As Chairman of the Committee on Financial Services, Oxley is committed to: promoting competition that results in more choices and lower prices for consumers of financial products; making sure markets are healthy so that businesses have access to capital that creates jobs; protecting investors; ensuring the soundness of the banking system; and maintaining America's leading role in world finance.

Oxley believes that U.S. success in the information age is crucial to our competitiveness in the world and to job creation here at home. As Chairman, Oxley oversees the capital formation issues that affect both start-up and established high-tech companies. Oxley expanded consumer choice and innovation in telecommunications by spurring competition in telephone, cable, and satellite services. He has worked to promote the growth of the Internet, and to ensure that the Fourth District and Ohio are "wired in" to the high technology economy.

A former special agent of the FBI, Congressman Oxley draws on his law enforcement background in his work on the issues of illegal drugs and crime. Oxley authored the Crime Victims Restitution Act, which requires all criminals convicted of federal crimes to make restitution to their victims. He is a national leader in the fight to prevent children from being exposed to Internet pornography.

Congressman Oxley is a fiscal conservative and works to reduce government spending and to manage responsibly the budget surplus. He promotes economic growth in Ohio by securing transportation improvements, encouraging the redevelopment of abandoned sites known as brownfields, and advocating free trade policies that increase exports.

Year after year, Oxley has earned legislative awards for his wise use of the taxpayer dollar, including: the Taxpayer's Friend Award from the National Taxpayers Union; the Guardian of Small Business Award from the National Federation of Independent Business; the Golden Bulldog Award from the Watchdogs of the Treasury; the Spirit of Enterprise Award from the U.S. Chamber of Commerce; the Sound Dollar Award from the Free Congress Foundation; the Jefferson Award from the Citizens for a Sound Economy; and the Friend of the Farm Bureau Award. The American Security Council has awarded him its National Security Award every year of his tenure in Congress for his advocacy of peace through strength.

Oxley is also the manager of the Republican Congressional Baseball Team, which plays against Democrats each year in a game that raises money for literacy instruction and other charities.

A resident of Findlay, Congressman Oxley served nine years in the Ohio General Assembly before coming to Congress as a result of a 1981 special election. Born February 11, 1944, Congressman Oxley is an attorney by profession. He earned his B.A. from Miami University (Oxford, Ohio) in 1966 and his law degree from The Ohio State University College of Law in 1969. He is a member of the American, Ohio, and Findlay Bar Associations, and, in 1986, was admitted to practice before the U.S. Supreme Court. Congressman Oxley is a member of Rotary International, Findlay Elks, Ohio Farm Bureau, Society of Former Special Agents of the FBI, and Sigma Chi fraternity. He has staff experience with former Eighth Ohio District Congressman Jackson Betts, former Ohio Lieutenant Governor John Brown, and former Ohio Attorney General William Saxbe.

Congressman Oxley and his wife, Pat, are the parents of a son, Chadd.

Vice President
Corporate Finance
Corporate Controller

Dennis D. Powell is Vice President, Finance and Corporate Controller at Cisco Systems, Inc. Mr. Powell has responsibility for global financial reporting and related functions, global tax strategies and implementation, corporate procurement, financial planning and analysis, business unit and operational controllers, mergers and acquisitions analysis and internal audit. He has led the development of the one-day close and Virtual Close processes and systems over the past four and one-half years. He has been a member of the AICPA IPR&D Task Force and an active participant in the recent FASB Business Combination deliberations, including providing testimony before the FASB, the Senate Banking Committee and the House Commerce Committee. Mr. Powell was also a member of the Garten Commission task force on "Strengthening Financial Markets: Do Investors have the Information they need?" a study commissioned by SEC Chairman Arthur Levitt and headed by Jeffrey Garten, Dean of the Yale School of Management.

Mr. Powell is currently a member of the Committee on Corporate Reporting of the Financial Executives Institute, serving as chair of the FASB Liaison Subcommittee.

Prior to joining Cisco, Mr. Powell was Senior Partner at PricewaterhouseCoopers LLP (formerly Coopers & Lybrand) for twenty-six years. At PwC, Mr. Powell was the engagement partner for several large technology companies. He also served as a national SEC consultant and as a coordinator of the firm’s national quality assurance program.

Mr. Powell holds a BS degree in Business Administration in Accounting from Oregon State University.

Federal Deposit Insurance Corporation

Mr. Powell was sworn in as the 18th Chairman of the Federal Deposit Insurance Corporation (FDIC) on August 29, 2001.

Prior to being named Chairman of the FDIC by President George W. Bush, Mr. Powell was President and CEO of The First National Bank of Amarillo. A life-long Texan, Mr. Powell has more than thirty years of experience in the financial services industry.

He has served on a variety of boards, including Chairman of the Board of Regents of the Texas A&M University System, Advisory Board Member of the George Bush School of Government and Public Service, and Chairman of the Amarillo Chamber of Congress.

Mr. Powell also has a long history of community service, ranging from the City of Amarillo Housing Board to the Franklin Lindsay Student Aid Fund and Cal Farley's Boys Ranch. He also has served on the boards of High Plains Baptist Hospital and the Harrington Regional Medical Center.

He received his Bachelor of Science degree in Economics from West Texas State University and is a graduate of The Southwestern Graduate School of Banking at Southern Methodist University.

Mr. Powell and his wife Twanna are the parents of two grown sons.

John M. Reich

Federal Deposit Insurance Corporation

Mr. Reich was sworn in on January 16, 2001, to a six-year term as a Director of the FDIC. He succeeded Andrew C. (Skip) Hove, Jr., whose term expired on October 4, 2000, and who had served on the Board of the FDIC as Vice Chairman for 10 years.

Mr. Reich has had substantial political and legislative experience in addition to a 23-year career in commercial banking. Before his appointment as a Director of the FDIC, Mr. Reich served for 12 years on the staff of U.S. Senator Connie Mack (R-FL) and was his chief of staff from 1998 through 2000. He directed and oversaw all committee activity, including Senator Mack's activity on the Senate Banking Committee, on which he served for 12 years. In addition, Mr. Reich directed the legislative, press, scheduling, constituent service, and other administrative functions, including 6 offices in the State of Florida.

Prior to his Washington experience, Mr. Reich was in the banking business for 23 years in Illinois and Florida. In 1964, Mr. Reich began his banking career with the Busey Bank in Champaign-Urbana, Illinois, where he served as Cashier of the bank. In 1967, Mr. Reich joined The First National Bank in Fort Myers, Florida, as Vice President and Controller and remained with the same organization and its successors for the next 20 years. In 1972, he played a key role in assisting with the formation of a bank holding company, Southwest Florida Banks, Inc., and served as its Vice President, Secretary-Treasurer, and as a founding member of its Board of Directors. In 1975, he organized a new state-chartered non-member bank for his company, First Commercial Bank in Fort Myers. He served as its President and CEO until 1977, when he took over an affiliate bank, National Bank of Sarasota, a $75 million two-office facility, and managed it over the next decade to a $450 million organization with 19 offices.

In 1989, Mr. Reich moved to Washington, D.C., to join the staff of his longtime friend and former colleague in banking, U.S. Senator Connie Mack, and served as an adviser to Senator Mack on many banking issues during Senator Mack's tenure in public office.

Mr. Reich has had substantial community service experience. He has served as Chairman of the Board of Trustees of a 500-bed public hospital facility in Fort Myers, Florida, and as Chairman of the Board of Directors of the Sarasota Family YMCA. In addition, he has served as a Board Member for several community organizations, including the Southwest Florida Symphony Orchestra, the L.I.F.E. Drug Program, the Sarasota Little League Baseball Association, and the Sarasota Babe Ruth Baseball Association. He was a Rotarian for over twenty years and is a 32^nd Degree Mason, a deacon in the Presbyterian Church, and serves currently as Vice President of the Board of Trustees of the National Presbyterian Church in Washington, DC.

Mr. Reich received a B.S. degree in accounting from Southern Illinois University and received an MBA degree from the University of South Florida in Tampa. He completed the School of Banking of the South at Louisiana State University and has participated in specialized banking programs at Ohio State, Columbia, and Harvard Universities.

Executive Vice President
Standard & Poor’s

Vickie A. Tillman has served as Executive Vice President of Standard & Poor’s since May 1999. Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., empowers the world’s financial decision makers to assess risk and determine value through its independent investment data, analytical services, indices, corporate valuations, risk analysis and investment and credit opinions.

Ms. Tillman leads Standard & Poor’s Credit Market Services, one of the world’s leading ratings services and providers of analytical services and information. Prior to assuming her current position, Ms. Tillman was Executive Managing Director of Structured Finance Ratings, a position to which she was appointed in 1994. She had worldwide operational and financial responsibility and directed rating activity for all structured finance ratings services.

Ms. Tillman is a member of Standard & Poor’s Executive Committee. Ms. Tillman joined Standard & Poor’s in 1977 as a municipal analyst, and has held analytical and managerial responsibilities in all phases of credit analysis and criteria development. She led the municipal utilities and revenue bonds groups, co-managed the Public Finance Department, and was ultimately named Executive Managing Director of Public Finance in 1988.

During her tenure as head of Public Finance and Structured Finance, Ms. Tillman managed a period of rapid growth for the departments. Offices in San Francisco, Boston and Chicago were opened and two publications, Standard & Poor’s CreditWeek Municipal and Structured Finance Monthly were launched.

Ms. Tillman holds a bachelor’s degree in Communications and a master’s degree in Public Administration from the University of Pittsburgh.

Executive Vice President and Chief Financial Officer

William Trubeck has overall responsibility for the leadership of Waste Management’s financial affairs and reports to A. Maurice Myers, Chairman, President and Chief Executive Officer.

Prior to joining Waste Management, Inc., Trubeck was senior vice president and chief financial officer of International Multifoods where he was responsible for the company’s corporate financial control, treasury, investor relations, tax, audit, pension fund and risk management, strategic planning, procurement and corporate management functions.

At International Multifoods, Trubeck also assisted in directing the company-wide implementation of the Economic Value Added (EVA®) business and financial management discipline. In 1998, Trubeck assumed the additional assignment of president, Latin America operations. In this position, he directed the operation and ultimate sale of the company’s Venezuela Foods businesses.

Before joining International Multifoods, Trubeck was senior vice president, finance, and chief executive officer of SPX Corporation, a global manufacturer and supplier of products and services to the motor vehicle industry. While at SPX, he was responsible for the development and implementation of the company’s highly successful EVA program.

Earlier, he was senior vice president and chief financial officer of Honeywell Inc., where he led a major initiative to streamline processes and reduce bureaucracy and costs. He also served as executive vice president and chief financial officer of NWA, Inc., and Northwest Airlines; chief financial and administrative officer of the New York-based law firm White & Case; vice president and treasurer of Armco Inc., and vice president of Aetna Business Credit (Barclays American).

Born July 5, 1946, in Chicago, Trubeck received a master’s degree in business administration from the University of Connecticut and a bachelors’ degree from Monmouth College. He also completed additional work in taxation and accounting at the University of Cincinnati. Trubeck served as a captain in Vietnam and Cambodia with the U.S. Army Corps of Engineers.

He is a member of the boards of directors of Yellow Corporation, Kansas City, MO.; and Bush Brothers & Company, Knoxville, Tenn.

Paul A. Volcker currently is serving as director of, or consultant to, a number of corporations and non-profit organizations.

Mr. Volcker was Chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987, and is credited with the leading role in ending a period of high and rising inflation and restoring a base for sustained growth. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan. Upon completion of his second term as Chairman, Mr. Volcker returned to private life, joining as Chairman of the firm of James D. Wolfensohn Inc., a company concentrating on the provision of investment banking services to a limited number of large domestic and international organizations. He retired as Chairman and Chief Executive Officer of Wolfensohn & Co., Inc. upon the merger of that firm in 1996 with the Bankers Trust Company.

In the course of his career, Mr. Volcker worked in the Federal Government for almost 30 years, serving in office under five presidents -- John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter and Ronald Reagan. Immediately before becoming Chairman of the Board of Governors of the Federal Reserve System in 1979, Mr. Volcker spent more than four years as President of the Federal Reserve Bank of New York, the principal operating arm of the System.

Earlier, Mr. Volcker had two tours of duty as an official of the U.S. Treasury, serving as Under Secretary for Monetary Affairs from 1969 to 1974. In that position he was responsible for developing and implementing Treasury debt management and Federal credit policies. On behalf of the United States, he conducted international monetary negotiations during the transition from the Bretton Woods fixed exchange rate system to the more flexible system of floating rates that has prevailed since the early 1970's. In the area of domestic finance, among other initiatives, Mr. Volcker initiated the auctioning of Treasury bonds, an approach that has now become customary not only in the United States but in many other countries.

Upon leaving Washington in 1987, he became Frederick H. Schultz Professor of International Economic Policy at Princeton University (now Emeritus). Mr. Volcker also served as volunteer chairman of a newly formed, privately sponsored Commission on the Public Service. The Commission studied problems arising in attracting, motivating, and retaining the quality of people necessary for Government to function effectively. Both of those activities reflected Mr. Volcker’s continuing interest in improving the professionalism and effectiveness of public service. Recently, Mr. Volcker has assumed chairmanship of the newly established Board of Trustees of the International Accounting Standards Committee, overseeing a renewed effort to develop consistent, high-quality accounting standards acceptable in all countries.

Mr. Volcker was born in 1927 in Cape May, New Jersey, grew up in that state and spent much of his early adult life there. He earned his B.A. at Princeton University in 1949 and an M.A. in political economy and government at the Harvard University Graduate School of Public Administration in 1951. He attended the London School of Economics as a post-graduate student in 1951-52. Among his honorary degrees are those from his three Alma Maters: Princeton, Harvard, and London University. In 1998-1999, Mr. Volcker was honored by his appointment as the first Henry Kaufman Visiting Professor at the Stern School of Business at New York University.

Mr. Volcker is Chairman of the Board of Trustees of the Group of Thirty and of International House, and Co-chairman of the Financial Services Volunteer Corps. He is also associated as a Trustee or member of the Board of Directors with the Japan Society, the American Council on Germany, the American Assembly, and the Institute for International Economics. In addition, Mr. Volcker is a director of the Prudential Insurance Company and an Overseer of TIAA-CREF, the leading private retirement system in the United States. Mr. Volcker, a former chairman of the Trilateral Commission, also serves on a number of other public and private advisory boards.

He lives in New York City and has a son and daughter and four brilliant grandchildren.