THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES FRANZ S. LEICHTER AS MEMBER OF THE FEDERAL HOUSING FINANCE BOARD
The President today announced his intention to nominate Franz S. Leichter to serve as a member of the board of directors for the Federal Housing Finance Board.
Senator Franz S. Leichter, of New York, New York, is a practicing attorney, presently with the law firm of Walter, Conston, Alexander, and Green, P.C. He has been in the New York State Senate for almost twenty-five years, since 1975. Senator Leichter has been a member of the New York State Banking Committee from 1975 to the present, and has held numerous hearings on banking services and credit needs of the average banking consumer, while issuing reports on under-served banking areas. Additionally, for the past ten years, he has published a guide to banking services in New York City. While holding membership on several councils, Senator Leichter has helped to establish and provide funding for such organizations as Northern Manhattan Improvement Corp. and Washington Height/Inwood Development Corp. These corporations are aimed at conserving affordable housing and sponsoring community improvement in the Northern Manhattan area.
Senator Leichter attended Swarthmore College and after serving two years in the Army, and received his law degree from Harvard Law School.
The Federal Housing Finance Board is an independent agency of the executive branch with supervisory authority and oversight responsibility for the Federal Home Loan Bank System and its twelve district banks. The Federal Home Loan Bank was created in 1932 to provide low cost, long-term, fixed-rate capitol to home mortgage lenders.