Nomination of Martha R. Seger To Be a Member of the Board of Governors of the Federal Reserve System

The President today announced his intention to nominate Martha R. Seger to be a member of the Board of Governors of the Federal Reserve System for a term of 14 years from February 1, 1984. She would succeed Nancy Hays Teeters.

Dr. Seger is a financial economist who has been serving as professor of finance at Central Michigan University since 1982. Previously she was commissioner of financial institutions for the State of Michigan in 1981-1982 and associate professor of economics and finance at Oakland University in 1980. She has also taught at the University of Michigan and the University of Windsor. Dr. Seger has had 10 years experience in commercial banking, including serving as chief economist for Detroit Bank and Trust for over 7 years. Prior to this, she was financial economist in the capital market section at the Federal Reserve Board.

Dr. Seger is a director of Comerica, Inc., and the Comerica Bank-Detroit. She is a member of the National Association of Business Economists, the American Economics Association, the Economic Club of Detroit, and the Women's Economic Club.

She has three degrees from the University of Michigan, including an M.B.A. in finance and a Ph.D. in finance and business economics. Dr. Seger was born February 17, 1932, in Adrian, MI, and now resides in Bloomfield Hills, MI.