bank of america corp (BAC:New York)

Executive Profile*

Background*

Mr. William J. McDonough, Bill served as a Member of Executive Client Coverage Group of BofA Merrill Lynch (Formerly Merrill Lynch & Co. Inc.) until December 31, 2009 and served as Special Advisor to Chairman from January 2006 to December 31, 2009. Mr. McDonough served as Chairman and Chief Executive Officer of The Federal Reserve Bank of New York. He served as an Eighth President of The Federal Reserve Bank of New York from 1993 to 2003. Mr. McDonough joined the New ... York Fed in January 1992 as an Executive Vice President, Head of New York Fed's markets group and the Manager of open market operations for the FOMC. Before joining the New York Fed, Mr. McDonough served as an Advisor to a variety of domestic and international organizations. He retired from First Chicago Corp. and its bank, First National Bank of Chicago, in 1989 after a 22-year career with First Chicago Corp. and served as Vice Chairman from 1986 to 1989. Prior to his career with First Chicago, Mr. McDonough was with the U.S.A. State Department from 1961 to 1967 and was a U.S. Navy officer from 1956 to 1961. He served as the Chairman of the Public Company Accounting Oversight Board (PCAOB) from June 2003 to November 2005. He served as Vice Chairman of BofA Merrill Lynch from January 2006 to December 31, 2009. He served as Vice Chairman and a Director of Bank of America Corporation until December 31, 2009. He served as Vice Chairman and a Permanent Voting Member of The Federal Open Market Committee (FOMC), the group responsible for formulating the nation's monetary policy. He serves as a Member of the Board of Directors of Carnegie Corp. of New York. Mr. McDonough served as Member of international advisory board of Banco Santander SA since November 23, 2006. Mr. McDonough also served as a Director of the Bank for International Settlements. Mr. McDonough serves as a Member of the Board of Directors of Georgetown University and New York Philharmonic Orchestra. He serves as Board of Advisors of the Yale School of Management, International Advisory Council of Columbia University. Mr. McDonough earned a Master's Degree in Economics from Georgetown University in Washington, D.C., in 1962 and a Bachelors Degree in Economics from Holy Cross College in Worcester, Massachusetts in 1956.

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BAC:US	$13.43 USD	+0.07

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