and Director J. Timothy O'Neill were renominated Friday by President Clinton.

If confirmed by the Senate, Mr. Morrison's term would run until February 2007. His current seven-year term ends in February.

The renomination of Mr. O'Neill would stretch his term at the finance board to February 2004.

The finance board's third member is William C. Apgar, Federal Housing Administration commissioner.

In June President Clinton nominated two others to fill out the five-member board of directors. They are Franz S. Leichner, a former state senator from New York, and Douglas L. Miller, who is counselor to Mr. Morrison. The Senate banking panel has not held hearings on their nominations.

The finance board has not been at full strength since the end of 1993 when directors served part-time. -- Katharine Fraser

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