Mary Grigsby sworn in as bank board member

Mary Grigsby sworn in as bank board member

Mary Grigsby Sworn In as Bank Board Member

Mary A. Grigsby, President Reagan’s choice to fill the unexpired term created by the resignation of Jamie J. Jackson on September 1, 1983, was sworn into office as a Member of the Federal Home Loan Bank Board by Chairman Edwin J. Gray during a ceremony held on February 14.

Mrs. Grigsby becomes the second woman ever to serve as Board Member, the first being Anita Miller who served from July 1978 to November 1979. Mrs. Grigsby was nominated by President Reagan on November 15, 1983, and confirmed by the US Senate on February 3, 1984. Her term expires on June 30, 1986.

Most recently, Mrs. Grigsby had been vice chairman of United Savings Association of Texas, which had merged with her previous association, Houston First American Savings Association. She began her career with Houston First American in 1941 in the accounting department and, over the years, served as administrative vice president, executive vice president, president, chief executive officer, and chairman of the board of that institution. She has experience in every facet of the S&L industry, i.e., savings area, loan area, accounting department, legal department, and land development. She is past president of the texas Savings and Loan League, as well as past president of Harris County League of Savings Associations. She has also served as a director of the Federal Home Loan Bank of Dallas, a director and member of the executive committees of both the US and National Leagues, and a member of the Thrift Advisory Committee of the Federal Reserve Board.

Mrs. Grigsby graduated from the University of Texas with a master’s degree in business administration. She is married, has a son, and resides in Washington, DC.

Photo: Mary A. Grigsby, who was confirmed by the US Senate as a Member of the Federal Home Loan Bank Board, repeats the oath of office administered by Chairman Edwin J. Gray.

Photo: Flanked by Chairman Edwin J. Gray (left) and Board Member Donald I. Hovde (right), Board Member Grigsby displays her certificate of commission, which was signed by President Reagan upon confirmation.

COPYRIGHT 1984 U.S. Government Printing Office

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