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I have been impressed particularly with the Master's level sunnar internship program conducted by the Bank, which is designed to attract talented minorities and wonen for the sunner and for full-tine permanent positions after they receive their degrees. I had an opportunity to interact with the interns this summer and found then to be a bright, promising group. A listing of this and other Affirmative Action initiatives and accomplishments appears in the EEO and Affirmative Action booklet included in Appendix 1.

If you or a member of your staff should require any further clarification, please feel free to contact me or Donald Vangel, vice president, Corporate Planning Group, on (212) 720-1552.

Sincerely,

Weautkleugh

William J. McDonough
President

Enclosures

APPENDIX 1

Detailed Response to Questions 1a and 1b

The detailed answers to Question 1a, relating to staffing statistics for the

Bank as of December 31, 1992, appear on the following tables.

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pay grade by race (White, Black, Hispanic, Asian/Pacific, and

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50.2%

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