January 6, 1993

E. Gerald Corrigan, the president of the Federal Reserve Bank of New York, announced yesterday that he would resign in August after more than eight years in that post and 25 years with the Federal Reserve. Mr. Corrigan, 51, said at a news conference that he planned to seek a job in private industry where "I'll try to limit myself to working six days a week, instead of seven." But he did not elaborate on his career plans.

The town perambulators took to the woods today to see if their territory had been invaded. "Our job is to make sure there is no aggression," said Robert Estabrook, the senior perambulator, who is just about the last of his breed. The last, that is, except for Robert Morrill, the junior perambulator, who said he was helping insure that "New York doesn't encroach."

The University of New Haven, which has six campuses in Connecticut and runs undergraduate programs in Russia and in Cyprus, has spent the last several months trying to set up another outpost, this one in the Middle East. But the site it chose was just over the line in the West Bank territories, which Israel has held since the 1967 Arab-Israeli War. A State Department official called the plan "very unwise" and said it showed "little sensitivity for the ongoing peace process." University officials said the Israeli Ministry of Education tried to discourage them from scheduling classes for the semester that begins next month.

The United States has urged its allies to join in threatening Iraq with military action if Baghdad does not remove newly deployed surface-to-air missiles that menace allied warplanes patrolling southern Iraq, Bush Administration officials said today. American officials have consulted with British, French and Saudi officials over the proposed ultimatum, which could be issued as early as Wednesday.

The Rev. Al Sharpton pleaded guilty today to a charge of failing to file a New York State personal income tax return for 1986, in a pact that he said would make it easier for him to run this year for New York City Council president. Mr. Sharpton said that he was seriously considering such a race and that he might make a decision as early as next week.