WASHINGTON - President Clinton would probably ignite a firestorm of protest within the banking industry if he nominated Assistant Treasury Secretary Alicia Munnell for a seat on the Federal Reserve Board.

Bankers know Ms. Munnell largely because of a controversial study on lending discrimination that she wrote while director of research at the Boston Federal Reserve Bank. That study concluded that banks discriminate against minorities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.