Ferrari encourages bonds programs

By Jonathan Sampson
Staff Reporter

Chancellor Michael Ferrari encouraged local government and business leaders Thursday to begin or increase participation in the U.S. Savings Bonds Program.Ferrari, 2001 campaign chairman of the Fort Worth Geographic Center, launched the center’s U.S. Savings Bonds Campaign during a luncheon at the Dee J. Kelly Alumni and Visitors Center.

James Duran, area manager for the U.S. Treasury Savings Bond office, said business leaders who attended the event received training on how to run a company campaign to encourage employees to purchase savings bonds.“A lot of people will leave here motivated to go out and make savings bonds work at their particular organization,” Duran said.

Jonathan Sampson/STAFF REPORTER Chancellor Michael Ferrari encourages local business and government officials to increase participation in the U.S. Savings Bonds Program Thursday at the Dee J. Kelly Alumni and Visitors Center.

Savings bonds are a way the U.S. Department of the Treasury secures funding for various governmental programs by borrowing money from consumers where the investment will grow over time and can be held for up to 30 years.Before TCU head football coach Gary Patterson was introduced as the luncheon’s guest speaker, Ferrari told the crowd he hopes the Fort Worth area will exceed last year’s $60 million bond purchase amount. As leaders of area businesses, including Lockheed Martin and Harris Methodist Health System finished their desserts, Patterson expounded on the virtues of savings bonds. He said he wants to ensure that he and his staff are a part of something that has been with the country for a long time.

“My job as a head football coach is to win championships,” Patterson said. “But my job is also to grow up young men and women and make them successful in the world.”

He said savings bonds provide an opportunity to build a base for students and help them achieve their goals.

Pattie Boyd, a contract administrator for Lockheed Martin, said she thought the luncheon was a great kickoff for the bond program.
“It helped to get people motivated to go out and get others to join,” she said.

Lockheed Martin participates in the bond drive every year, Boyd said.

Ferrari was appointed campaign chairman by the U.S. Secretary of the Treasury under the Clinton administration.

Jonathan Sampson
j.m.sampson@student.tcu.edu