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For immediate release: February 9, 2006

Chang Elected Chairman Pro Tem of Dallas Fed’s Houston Branch Board

DALLAS—The board of directors of the Federal Reserve Bank of Dallas' Houston Branch has elected Nancy T. Chang chairman pro tem for 2006.

Chang was appointed to the Houston Branch board in 2005 by the Federal Reserve Board of Governors. She is co-founder and chairman of the board of Houston-based Tanox Inc., a biopharmaceutical company.

She serves on the boards of directors for the Greater Houston Partnership and Center for Houston’s Future. She also serves on advisory councils for Stanford Bio-X/Bioengineering, Institute of Bioscience and Technology, and Center for Strategic and International Studies Council on Biotechnology Research, Innovation and Public Policy.

Chang received a Ph.D. from Harvard University and a bachelor’s degree from National Tsing Hua University in Taiwan. She also attended graduate school at Brown University.

The Houston Branch board of directors consists of seven members, four appointed by the Dallas Fed board of directors and three by the Federal Reserve Board of Governors in Washington, D.C.

For more information on the Dallas Fed, visit


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