John C. Whitehead . . . sworn in as deputy secretary of State on July 9, 1985 . . . before joining State spent nearly 40 years on Wall Street as an investment banker at Goldman, Sachs & Co. . . . served as senior partner and co-chairman of Goldman Sachs from 1976 until 1984, where he earned a reputation as a polished dealmaker . . . Director of several public companies, including Pillsbury, and a former director of the New York Stock Exchange. Phi Beta Kappa graduate of Haverford College in 1943 . . . served in Navy during World War II . . . Harvard Business School MBA in 1947 . . . active in Republican political affairs in New Jersey, where he served as councilman for 10 years in Essex Fells, N.J. . . . and former Republican National Finance Committee co-chairman . . . self-made man born in Evanston, Ill., in 1922.
Paul A. Volcker has served in high-ranking public positions from the Kennedy to the Reagan administrations . . . was president of the New York Federal Reserve Bank before becoming chairman of the Federal Reserve Board in August 1979 . . . Although widely known for hard-line efforts to cut inflation by two-thirds, has been preoccupied over the years with international monetary issues . . . was instrumental in devising plans to alleviate Latin American debt problem and was involved in recent agreement by the finance ministers and central bankers of five major industrial countries to drive down the dollar . . . often has clashed over policy issues with the Reagan administration . . . When Donald T. Regan was Treasury secretary last year, he sharply criticized Volcker over the Fed chairman's tight monetary policy.
Walter W. Wriston was chairman of Citicorp, the nation's biggest bank company, for 15 years . . . was widely recognized as the most innovative and aggressive banker of his generation . . . He moved Citicorp heavily into international lending in the early 1970s after he judged that domestic lending was becoming less profitable . . . later in the 1970s, when most big banks were shunning consumer deposits, Wriston invested hundreds of millions of dollars to attract retail customers around the world . . . Also oversaw the thrust by the bank and its parent company to become a nationwide deposit-taking institution . . . retired last year . . . joined Citibank in 1946 as a junior inspector after serving in World War II . . . undergraduate degree from Wesleyan College and master's degree from the Fletcher School of Law and Diplomacy.