Nomination of Richard D. Erb To Be United States Executive Director of the International Monetary Fund

The President today announced his intention to nominate Richard D. Erb to be United States Executive Director of the International Monetary Fund for a term of 2 years. This is a reappointment.

Since 1981 he has been serving as United States Executive Director of the International Monetary Fund. Previously he was resident fellow at the American Enterprise Institute for Public Policy Research in 1978-1981. He also served as a consultant to the Comptroller of the Currency.

In 1976-1977 he was Deputy Assistant Secretary for Developing Nations Finance, Department of the Treasury. Dr. Erb was international affairs fellow, Council on Foreign Relations, and resident economist, American Enterprise Institute for Public Policy Research in 1974-1976. In 1971-1974 he served as Staff Assistant to the President and Director for International Monetary Affairs, Council on International Economic Policy. He was a consultant with Arthur D. Little, Inc., in 1969-1971.

He graduated from the State University of New York at Buffalo (B.A., 1963) and Stanford University (Ph.D., 1967). He is married and resides in Alexandria, Va. He was born April 15, 1941, in Wantagh, N.Y.