For release Dec. 20, 1996

Jack Guynn, president and chief executive officer of the Federal Reserve Bank of Atlanta, has announced that Marie E. McNally has been promoted to assistant vice president in the facilities management department, effective Jan. 1, 1997. He also has announced that Gerald P. Dwyer, Jr., will become an assistant vice president in the research department, effective June 1, 1997.

In her new position, McNally will have responsibility for all operations of the facilities management department and will continue to serve as an advisor to senior management in the planning and design of Atlanta Fed facilities.

An Oklahoma native, McNally joined the Atlanta Fed in 1987 as an architect. She holds bachelor's degrees in architecture and environmental design from the University of Oklahoma. She previously worked with Mayes Sudderth Etheredge Engineers in Atlanta; Graves Boynton Williams and Associates in Oklahoma City; and Olino and Associates in Norman, Oklahoma.

Dwyer, currently a professor at Clemson University and a visiting scholar at the Atlanta Fed since 1994, will oversee the work of the research department's financial team and advise the president of the Bank on monetary policy issues. Dwyer's interests encompass monetary economics and policy, rational expectations, consumer choice, and financial history and markets. A substantial portion of his work links the behavior of financial institutions and markets with money and the macroeconomy. He is widely published in scholarly journals and is frequently invited to present his research at conferences and professional meetings.

Dwyer has held previous visiting scholar appointments with the Atlanta and St. Louis Feds and the Commodities Futures Trading Commission. He was also a member of the faculties of the University of Houston from 1987 to 1989, Emory University from 1981 to 1984, and Texas A&M University from 1977 to 1981.

A cum laude graduate from the University of Washington with a bachelor's degree in business, government, and society, Dwyer received a master's degree in economics from the University of Tennessee and a Ph.D. in economics from the University of Chicago.

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