THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT NAMES PAUL M. HOMAN SPECIAL TRUSTEE FOR AMERICAN INDIANS, U.S. DEPARTMENT OF THE INTERIOR President Clinton today announced his intent to nominate Paul M.
Homan of the District of Columbia as Special Trustee for American Indians, U.S. Department of the Interior.
Mr. Homan currently serves as an independent bank consultant at Homan and Associates. He is the former President and CEO of the Riggs National Bank of Washington, D.C.; President and CEO of First Florida Banks, INC.; Senior Advisor to the Comptroller of the Currency; Executive Vice President of Continental Bank; Chairman and CEO of Nevada National Bank; and Senior Deputy Comptroller for Bank Supervision for the Comptroller of the Currency. Mr. Homan received his B.A. and M.A. in economics from the University of Nebraska, and attended the Graduate School for International Banking at the University of Colorado as well as the Johns Hopkins School for Advanced International Studies.
The position of Special Trustee for American Indians was created by Congress in the 1994 American Indian Trust Fund Management Reform Act. The Special Trustee is charged with developing a strategic plan for the proper and efficient discharge of the Secretary's responsibilities for the proper management of oil and gas, timber, ranch and farm land, and other Indian trust assets the Department holds and manages. The Special Trustee is specifically assigned responsibility for ensuring the Bureau of Indian Affairs (BIA), Minerals Management Service (MMS), and the Bureau of Land Management (BLM) establish, maintain, coordinate and integrate policies, procedures, systems and practices related to the discharge of the Secretary's trust responsibilities. In addition, the Trustee will ensure that BIA properly accounts for the daily and annual balance of all funds held in trust by the United States for the benefit of an Indian tribe or individual Indian. The trust currently contains assets of approximately $2 billion.