By Karen Mracek
WASHINGTON (MNI) - Community bankers are pushing the White House to
nominate another member to the Federal Reserve Board of Governors by Memorial
Day, the head of the community bankers lobbying group said Wednesday.
"Hopefully the White House will name a nominee prior to Memorial Day," Cam
Fine, president and CEO of the Independent Community Bankers Association, said
at press conference.
The reason for the push is that Sen. Richard Shelby, chairman of the Senate
Banking Committee, has said he is in "no hurry" to hold a confirmation hearing
for Allan Landon, President Barack Obama's nominee for an open seat on the
Federal Reserve Board, without another nominee.
Shelby told MNI April 15, "Right now I'm not in a big hurry.