Advertisement
YOU ARE HERE: LAT HomeCollectionsResignation

BRIEFLY

Hovde postponed his resignation from the FHLBB.

September 05, 1986

Donald I. Hovde said he withdrew his resignation from the Federal Home Loan Bank Board, which had been scheduled to take effect last Sunday, until a new member of the board is appointed by President Reagan. Had Hovde resigned, it would have left the three-member board, which regulates savings and loans, with just one member--its chairman, Edwin J. Gray. By law, the board cannot operate without a two-member quorum. Hovde said he had announced his resignation three months in advance in order to provide the Administration with adequate time to find a replacement. Bank board member Mary Grigsby resigned on Aug. 15. The Administration has given no indication of when it will announce nominations to fill the two spots.

Advertisement
Los Angeles Times Articles
|
|
|