KELVIN WILSON, DALLAS, TEXAS: My name is Kelvin Wilson. I'm from Dallas, Texas. And my question is: other than Alan Greenspan being on the Federal Reserve Board, who else is on the board and how many? How are they chosen, elected or appointed to the Federal Reserve Board?</s>EDWARD GRAMLICH, BOARD OF GOVERNORS, FEDERAL RESERVE BOARD: Well, most people hear a lot about Greenspan and don't know much about the other governors. They're -- by law, there are seven governors, one of which is the chairman, Greenspan. Right now, we have two vacancies, so there are only five of us, and the four others are me, Roger Ferguson is our vice chair, and the other two governors are Larry Meyer and Mike Kelley. We're all appointed by the president and confirmed by the Senate. We serve each of us a 14-year term, but if part of the term has already been served, you get to serve the rest of that term. So, most of us end up actually serving a lot less than 14 years. The terms end at the end of a even-numbered year in January.
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