THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES FRANZ S. LEICHTER AS A MEMBER OF THE FEDERAL
HOUSING FINANCE BOARD
The President today recessed appointed Franz S. Leichter as a member of the Federal Housing Finance Board. Mr. Leichter was nominated to the United States Senate on June 8, 1999.
Mr. Franz S. Leichter, of New York, New York, is a practicing attorney with the law firm of Walter, Conston, Alexander, and Green, P.C. He served in the New York State Senate from 1975 to 1988, where he was a member of the Banking Committee. Mr. Leichter also published a guide to banking services in New York City. Mr. Leichter also helped to establish and provide funding for such organizations as Northern Manhattan Improvement Corp. and Washington Heights/Inwood Development Corp., both aimed at conserving affordable housing and sponsoring community improvement in the Northern Manhattan area.
Mr. Leichter received a B.A. from Swarthmore College and a J.D. from Harvard law School.
The Federal Housing Finance Board is an independent agency of the executive branch that oversees the safety, soundness and mission of the Federal Home Loan Bank System and its twelve district banks. The System was created in 1932 to provide low-cost funding for housing finance. The System currently holds assets in excess of $600 billion.