Article: Farm Credit Administration member named as chairman. (Billy Ross Brown)

WASHINGTON - President Clinton has named Billy Ross Brown chairman of the Farm Credit Administration.

Arkansas banker William Bowen, a personal friend of the President's, is rumored to have turned the job down first.

Mr. Bowen had been campaigning for the chairmanship of the Federal Deposit Insurance Corp. The White House is expected to fill that post next week.

"In a way, I am absolutely delighted that Bowen did not take the job, because that means to me his hat is still in the ring for FDIC chairman," said Kenneth Guenther, executive vice president of the independent Bankers Association of America.

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