Appointment of George L. Clark, Jr., as a Member of the Board of Directors of the Federal National Mortgage Association

The President today announced his intention to appoint George L. Clark, Jr., as a member of the Board of Directors of the Federal National Mortgage Association for a term ending on the date of the annual meeting of the stockholders in 1990 (Real Estate Industry Representative). This is a reappointment.

Currently, Mr. Clark serves as president of George L. Clark, Inc., in Brooklyn, NY. He has served as a real estate broker, appraiser, and consultant for the past 26 years in the following capacities: president of the Bay Ridge Real Estate Board, first vice president of the Brooklyn Board of Realtors, and director of the Flatbush Real Estate Board. Mr. Clark has served as Republican State committeeman from the 42d assembly district in Brooklyn, NY, 1970, and was elected Republican county chairman of Brooklyn in 1972. In addition, he has served as Republican State chairman of New York, 1981 - 1985.

Mr. Clark graduated from St. John's University (B.A., 1962). He was born January 4, 1941, in Brooklyn, NY. He is married, has four children, and resides in Brooklyn, NY.