Dr. Robert McTeer took office on February 1, 1991, as the tenth chief executive of the Eleventh District Federal Reserve Bank, at Dallas. Dr. McTeer first joined the Federal Reserve System in 1968 as an economist in the research department of the Federal Reserve Bank of Richmond. He was promoted to assistant vice president in 1971. He became vice president in 1975 and was made special assistant to the Bank’s president and first vice president. He was promoted to senior vice president in charge of the Baltimore Branch of the Richmond Reserve Bank in 1980, a position he held until he assumed the presidency of the Dallas Reserve Bank. Dr. McTeer was born on October 22, 1942, in Ranger, Georgia. He received B.B.A. and Ph.D. degrees in economics from the University of Georgia and served on its faculty for two years before joining the Federal Reserve System. He also taught for ten years at the Johns Hopkins University during his tenure in Baltimore. Dr. McTeer is also a past president of the Association of Private Enterprise Education.