The Federal Home Loan Bank Board named...
The Federal Home Loan Bank Board named three men to run a new agency set up to raise $10.8 billion for the government’s ailing savings and loan insurance fund. Appointed were Charles Thiemann, president of the Federal Home Loan Bank of Cincinnati; Richard Syron, president of the Federal Home Loan Bank of Boston, and Austin Dowling, director of the Federal Home Loan Bank System’s finance office. The three bankers will set policy for the bank board’s Financing Corp., created earlier this month when President Reagan signed legislation to rescue the Federal Savings and Loan Insurance Corp. The funds will be raised through the sale of long-term bonds and not from taxpayer funds, Board Chairman M. Danny Wall stressed.
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