Federal Reserve Board Chairman Alan Greenspan was on the road for his 74th birthday last week, but the special occasion did not go uncelebrated. Speaking at a conference on the "new economy" at Boston College Monday, Mr. Greenspan was given a birthday cake by his hosts.

The years do not appear to be slowing the central bank chief or diminishing the esteem in which bankers hold him. He spoke in San Antonio two days later, at an Independent Community Bankers of America conference, and received a standing ovation from the crowd before the first words were out of his mouth.

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