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Robert Holland, member of Fed

WASHINGTON — Robert C. Holland, 87, an economist who became the first staff member of the Federal Reserve System to be appointed directly to its board of governors, died Jan. 3 at his home in ­Centreville, Va.

Dr. Holland had been vice president at the Federal Reserve Bank of Chicago.

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Board members had been outside appointments, generally business leaders or economists.

When a position on the board opened in 1973, President Nixon appointed Dr. Holland because he knew the inner workings of the system.

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