HORST SCHULMANN, 61, GERMAN FINANCIER.(MAIN)

Byline: Associated Press

FRANKFURT, Germany Horst Schulmann, a member of the policy-setting council of the German central bank, has died after a battle with lung cancer. He was 61.

Schulmann died Thursday night, his office said.

He served as deputy managing director and later managing director of the Institute of International Finance in Washington from 1984 until 1992, when he became chairman of Bundesbank in the German state of Hesse, one of nine regional …