Nomination of Robert W. Karpe To Be President of the Solar Energy and Energy Conservation Bank

The President today announced his intention to nominate Robert W. Karpe to be President of the Solar Energy and Energy Conservation Bank. He would succeed Joseph Bracewell.

Since 1981 Mr. Karpe has been President of the Government National Mortgage Association. He was chairman of the board of Karpe Real Estate Center in 1976-1981. He was commissioner, department of real estate, State of California, and chairman of the California Real Estate Commission, in 1971-1975. He was president of Karpe Real Estate Center in 1959-1971.

He graduated from the University of California at Berkeley (B.S., 1953). He is married, has three children, and resides in Arlington, Va. He was born November 3, 1930.