PALIKIR, Pohnpei — On October 8, 2024, the Honorable Vice President Aren B. Palik administered the Oath of Office to former Governor Reed B. Oliver, marking his reappointment to the Federated States of Micronesia (FSM) Banking Board.

Vice President Palik, in his capacity as the appointing authority, formally welcomed Mr. Oliver back to the FSM Banking Board, recognizing his decades of experience and service. Mr. Oliver has been a dedicated member of the Board for nearly 30 years, contributing significantly to the financial stability and growth of the FSM’s banking sector.

Following the oath, Mr. Oliver expressed his gratitude for the trust placed in him and shared his enthusiasm for continuing to serve the nation. He emphasized the importance of the FSM Banking Board’s role in safeguarding the financial system and reaffirmed his commitment to working collaboratively with the new administration, board staff, and fellow members to ensure the continued success of the institution.

Vice President Palik, in his closing remarks, commended Mr. Oliver’s long-standing dedication to public service and expressed his confidence in the leadership and expertise Mr. Oliver brings to the FSM Banking Board. He also extended his thanks to the FSM Congress for their swift confirmation of Mr. Oliver’s appointment, highlighting the importance of experienced leadership in advancing the nation’s financial regulatory framework.

The ceremony was attended by members of the Cabinet, family members, and other distinguished guests, all of whom gathered to witness the reaffirmation of Mr. Oliver’s commitment to public service for the FSM.

The FSM Banking Board plays a critical role in overseeing the financial institutions within the country, ensuring their soundness, and protecting the interests of the public.

###