THE WHITE HOUSE
Office of the Press Secretary (Philadelphia, Pennsylvania) ________________________________________________________________________ For Immediate Release October 29, 1999
PRESIDENT CLINTON NAMES J. TIMOTHY O'NEILL AS MEMBER OF THE FEDERAL HOUSING FINANCE BOARD
The President today announced his intent to nominate J. Timothy O'Neill to serve as Member of the Federal Housing Finance Board
Mr. J. Timothy O'Neill, of Virginia, has served on the Federal Housing Finance Board since June 1, 1995. Previously, he was a Partner in the Washington Law firm of O'Connor & Hannan. He has served as Director of Congressional Affairs for the Federal Housing Finance Board. He has also served as Legislative Manager for International Affairs for the US Department of Treasury, and was Deputy Director of Congressional Affairs for the US Agency for International Development.
Mr. O'Neill graduated magna cum laude form Georgetown University's school of Foreign Service and his J.D. from Harvard 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, fulfills the housing finance mission, and remains adequately capitalized and able to raise funds in capital markets.