Wednesday is Lawrence B. Lindsey's last day as a Federal Reserve Board governor. You may be hearing more from him as a result.

"I'm pretty outspoken," he said. "I trimmed my sails to suit the job. The sails will be unfurled."

Mr. Lindsey plans to split his time between the American Enterprise Institute in Washington and a New York financial consulting firm. Reiterating plans for a book tentatively titled "Beyond Neglect and Abuse" about the politics of community development, Mr. Lindsey said he intends to examine the failures of the Department of Housing and Urban Development and emphasize success stories.


Rita I. Fair will retire as managing director of the Federal Housing Finance Board at the end of March and become chairman of the Federal Home Loan Bank of Atlanta on July 1.

"I'm eligible to retire, I've been here three and a half years, and I'm restless," Ms. Fair said. She replaces Stanley Waransh, whose term at the Atlanta Fed expires June 30.


William D. Sones, chairman and president of State Bank and Trust Co. of Brookhaven, Miss., leads the slate of nominees up for election at the Independent Bankers Association of America convention March 19-23 in Phoenix.

Mr. Sones, 48, has been active in the trade group for more than a dozen years, serving two terms on its board. Current president Leland M. Stenehjem Jr., president of First International Bank and Trust of Fargo, N.D., will become chairman. William L. McQuillan, president of City National Bank of Greeley, Neb., has been nominated as president-elect.


Ronald K. Noble, the Treasury Department's former top money-laundering cop, was named the American Bankers Association's bank security partner of the year.

The honor, given for the first time, recognizes significant contributions to reducing crime and fraud in the banking industry.

"During your tenure, you brought bankers in, not as adversaries, but as allies," said Charles J. Bock Jr., chairman of the ABA's security and crime prevention committee and director of fraud prevention at Chase Manhattan Bank.

Mr. Noble left the Treasury Department last year to teach criminal law at New York University.


On a 99-0 vote, the Senate confirmed Andrew M. Cuomo to be secretary of the Department of Housing and Urban Development.

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