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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release June 19, 1998

STATEMENT BY THE PRESS SECRETARY

             Alice M. Rivlin Sworn In to Distict of Columbia
       Financial Responsibility and Management Assistance Authority

Alice M. Rivlin was sworn in this morning as the fifth member of the District of Columbia Financial Responsibility and Management Assistance Authority. Ms. Rivlin will assume the role of Chair after a transition period.

The President is very pleased that Ms. Rivlin has joined the board and he is confident that her leadership, economic expertise and commitment to the District of Columbia will be invaluable to the board's work, building on the District's current fiscal success, and creating the conditions that will allow power to be returned to its elected officials.

Ms. Rivlin currently serves as the Vice Chair of the Federal Reserve Board, and is a former director of the Office of Management and Budget and the founding director of the Congressional Budget Office. She has also been a Senior Fellow and Director of Economic Studies at the Brookings Institution, and Assistant Secretary for Planning and Evaluation at the Department of Health, Education and Welfare.

With Ms. Rivlin in place, the Control Board now has a full complement of five members. Attorney Robert Watkins was sworn in, and attended his first Board Meeting last week. In addition, three members from the first-term board are remaining for a transition period: Chairman Andrew Brimmer, and members Constance Newman and Stephen Harlan. Ms. Rivlin will assume the role of Chair after Brimmer's departure.

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