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For Immediate Release
September 6, 2017
​ABA Media Contact: Jeff Sigmund
(202) 663-5439
Email: jsigmund@aba.com
Follow us on Twitter: @ABABankers

ABA Statement on Stanley Fischer’s Resignation

By Rob Nichols, ABA president and CEO

​     “We commend Stanley Fischer for his years of dedicated public service, and we wish him well in his return to private life.  His years of international experience and his background in banking served him well as he helped guide the Fed through a challenging period as vice chair.
 
     “Today’s announcement creates yet another opening at the Federal Reserve, which already has too many vacancies.  We urge the administration and Senate to work together to fill these vacancies as soon as possible.  Having a complete board of governors, including members with banking experience, is important as the Fed moves forward with needed regulatory reforms and critical monetary policy decisions.” 
 
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.
 
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