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For immediate release Aug. 31, 1999

TALLMAN PROMOTED TO ASSISTANT VICE PRESIDENT

Ellis W. Tallman was promoted to assistant vice president in the research department at the Federal Reserve Bank of Atlanta effective Aug. 23 with responsibility for the Bank's macropolicy group, announced Jack Guynn, president and chief executive officer of the Atlanta Fed.

Tallman joined the Atlanta Fed in 1987 as an economist. Previously, he was a research associate with Wharton Econometrics from 1980 to 1982 and an instructor in the graduate school of management at the University of Rochester in 1986. From January 1996 to December 1997, he was a visiting senior research economist at the Reserve Bank of Australia. He also spent time in June 1998 visiting the central bank of New Zealand, consulting with their forecasting and modeling group.

He is a member of a number of professional organizations such as the American Economic Association, and he has published articles in scholarly journals including the Journal of Monetary Economics and the Journal of Economic History.

A native of Queens, N.Y., he received an A.B. degree in economics and English from Indiana University. He earned his master's degree and his doctorate at the University of Rochester.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia and portions of Louisiana, Mississippi and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks and provides a variety of financial services to depository institutions and the U.S. government.

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