Ricardo Romo
Ricardo Romo

UTSA president appointed to Federal Reserve board

(Jan. 20, 2005)--The Federal Reserve Board of Governors has appointed UTSA President Ricardo Romo to the board of directors of the Federal Reserve Bank of Dallas, San Antonio Branch. He will serve a three-year term ending Dec. 31, 2007.

Romo has served as president of The University of Texas at San Antonio since May 1999. Previously, he was vice provost for undergraduate education at UT Austin. He held positions at Trinity University, California State University, Northridge and University of California, San Diego.

U.S. Secretary of State Colin Powell recently appointed Romo to the United States National Commission for the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a representative of state and local government interests. In 2002, President Bush appointed Romo to the President's Board of Advisers on Historically Black Colleges and Universities.

"I am honored to be appointed to serve as an adviser to the Federal Reserve," said Romo. "UTSA is a critical component of the economy of this region and the state, and I look forward to being a liaison between our community and the individuals who make crucial decisions related to monetary policy for the federal government."

Romo earned a doctor of philosophy degree from UCLA, a master of arts degree from Loyola Marymount University and a bachelor of science degree from UT Austin -- all in history.

An urban historian, Romo is the author of "East Los Angeles: History of a Barrio" and taught history at UT Austin.

The San Antonio Branch board of directors consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors. Federal Reserve boards of directors, research departments and regional business leaders contribute grassroots information and insight used to formulate monetary policy.

The Fed's primary mission is to ensure that enough money and credit are available to sustain economic growth without inflation. If inflation is threatening purchasing, the Fed slows the growth of the money supply.

For more information, contact David Gabler at (210) 458-4561.

--Tim Brownlee

University Communications
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