AGRICULTURE, RURAL DEVELOPMENT AND FOR 1986 UNITED SIRIAN. HEARINGS BEFORE A KF27 1985 COMMITTEE ON APPROPRIATIONS JAMIE L. WHITTEN, Mississippi, Chairman EDWARD P. BOLAND, Massachusetts JOSEPH P. ADDABBO, New York EDWARD R. ROYBAL, California TOM BEVILL, Alabama BILL CHAPPELL, JR., Florida BILL ALEXANDER, Arkansas JOHN P. MURTHA, Pennsylvania BOB TRAXLER, Michigan JOSEPH D. EARLY, Massachusetts LINDY (MRS. HALE) BOGGS, Louisiana MATTHEW F. McHUGH, New York VIC FAZIO, California W. G. (BILL) HEFNER, North Carolina LES AUCOIN, Oregon DANIEL K. AKAKA, Hawaii WES WATKINS, Oklahoma WILLIAM H. GRAY III, Pennsylvania BERNARD J. DWYER, New Jersey BILL BONER, Tennessee STENY H. HOYER, Maryland BOB CARR, Michigan ROBERT J. MRAZEK, New York RICHARD J. DURBIN, Illinois RONALD D. COLEMAN, Texas SILVIO O. CONTE, Massachusetts ELDON RUDD, Arizona CARL D. PURSELL, Michigan TOM LOEFFLER, Texas JOHN EDWARD PORTER, Illinois FREDERICK G. Moнrman, Clerk and Staff Director (II) added be 15 9-3-85 AGRICULTURE, RURAL DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR 1986 MONDAY MARCH 25, 1985. COMMODITY FUTURES TRADING COMMISSION WITNESSES SUSAN M. PHILLIPS, CHAIRMAN, COMMODITY FUTURES TRADING COM- MOLLY G. BAYLEY, EXECUTIVE DIRECTOR G. HUNTINGTON BANISTER, DIRECTOR, OPERATIONS AND BUDGET SEC- Mr. WHITTEN. The Committee will come to order. We have with us today, the Commodity Futures Trading Commission, represented by Ms. Susan Phillips, Chairman, Ms. Bayley, Executive Director and Mr. Banister. We will be glad to have you present your testimony as you see fit, either follow it in detail or you may hit the highlights. Those of you who might be new to the Committee, we would like to have a biographical sketch in the record. [CLERK'S NOTE: The biographical sketches follow. The prepared statement of Ms. Phillips appears in full on pages 167 through 171. The explanatory notes appear on pages 172 through 264.] SUSAN M. PHILLIPS Susan M. Phillips was appointed Chairman of the Commodity Futures Trading Commission on November 17, 1983. She has previously served as Acting Chairman from May 1983 to November 1983 and as a Commissioner from November 1981 to May 1983. Her term expires April 13, 1985. Dr. Phillips was associated with the University of Iowa from 1974 and was on leave from her position as Associate Professor of Finance until 1984. She also served the University as Associate Vice President of Finance and University Services first on an acting, then permanent, basis from February 1979 to November 1981. During her last leave of absence from the University, July 1976 to July 1978, Dr. Phillips was a Brookings Economic Fellow and an SEC Economic Fellow. Dr. Phillips is a member of the American Finance Association and the Southern Risk and Insurance Association, which she served as President (1978-1979) and in a number of other offices. She is also a member of the Board of Trustees of Agnes Scott College, from which she graduated with a B.A. in mathematics and chemistry in 1967. She is also a member of Phi Beta Kappa and Beta Gamma Sigma. Dr. Phillips received her M.S. in finance and economics in 1971 and Ph.D. in 1973, both from Louisiana State University. She has contributed to numerous books and publications, as well as presenting many research papers. Dr. Phillips was born in Richmond, Virginia, and currently lives in Washington, D.C. (1) |