THE WHITE HOUSE
Office of the Press Secretary (Philadelphia, Pennsylvania) ________________________________________________________________________ For Immediate Release October 29, 1999
PRESIDENT CLINTON NAMES BRUCE A. MORRISON AS CHAIR AND MEMBER OF THE FEDERAL HOUSING FINANCE BOARD
The President today announced his intent to nominate Bruce A. Morrison to serve as Chairman and Member of the Federal Housing Finance Board.
Mr. Bruce A. Morrison, of Connecticut, has been a Member and Chairman of the Federal Housing Finance Board since 1995. Prior to joining the Finance Board, he was a partner with the law firm of Morrison & Swaine in New Haven, from 1983-1991, he represented the Third District of Connecticut in the U.S. House of Representatives, serving on the Committee on Banking, Finance and Urban Affairs. He was also a member of the Judiciary Committee and Chair of the Immigration Subcommittee. Prior to his election, Mr. Morrison was Executive Director of the New Haven Legal Assistance Association.
Mr. Morrison received a B.A. degree in chemistry from the Massachusetts Institute of Technology, a M.A. degree in organic chemistry from the University of Illinois and a J.D. degree from Yale Law School.
The Federal Housing Finance Board was established by the Financial Institutions Reform, Recovery, and Enforcement Act as an independent agency of the executive branch with supervisory authority and oversight for the Federal Home Loan Bank system and its twelve District Banks. The Board of Directors is responsible for ensuring that the Federal Home Loan Banks operate in a financially sound manner, fulfill the housing finance mission, and remain adequately capitalized and able to raise funds in capital markets.