Nominations & Appointments, January 11, 1982

Nomination of Preston Martin To Be a Member of the Board of Governors of the Federal Reserve System, and Designation as Vice Chairman

January 11, 1982

The President today announced his intention to nominate Preston Martin to be a member of the Board of Governors of the Federal Reserve System for a term of 14 years from February 1, 1982, and to be Vice Chairman for a term of 4 years. He would succeed Frederick H. Schultz, term expiring.

Dr. Martin is a member of the President's Commission on Housing. He founded, organized, and staffed a new Sears company, Seraco Enterprises. Seraco, an amalgam of the words ``Sears Allstate Companies,'' is a holding company that provides capital and overall planning of five real estate and financial subsidiaries. He is a member of the board of directors of Sears, Roebuck and Co.

Dr. Martin is a former member of the Federal Home Loan Mortgage Corporation Advisory Committee. He served as Chairman and Chief Operating Officer of the Federal Home Loan Bank Board in 1969 - 72. He served then-Governor Ronald Reagan as his first Savings and Loan Commissioner in 1967 - 69. In 1954 - 66 he was involved in homebuilding, shopping center, mortgage finance, and savings and loan ``start up'' organizations.

He graduated from the University of Southern California (B.S., 1947; M.B.A., 1948) and Indiana University (Ph.d., 1952). He was born December 4, 1923, and resides in Atherton, Calif.

Appointment of Pamela J. Turner as Deputy Assistant to the President for Legislative Affairs

January 11, 1982

The President today announced his intention to appoint Pamela J. Turner to be Deputy Assistant to the President for Legislative Affairs. She will succeed Powell A. Moore.

Ms. Turner is currently serving as Special Assistant for Legislative Affairs. In her new position, she will serve as the President's chief deputy liaison with the United States Senate.

From 1975 to 1981, Ms. Turner served as chief legislative assistant to U.S. Senator John Tower (R-Tex.). From 1967 to 1975, she served as legislative assistant to former U.S. Senator Edward J. Gurney (R - Fla.). From 1966 to 1967, she worked for the Agency for International Development in Washington, D.C. During the 1980 Presidential campaign, Ms. Turner served as assistant to the chairman of the Republican Platform Committee, and also served as a legislative coordinator for the Department of Commerce during the Reagan transition.

Ms. Turner graduated from Indiana University at Bloomington, Ind., in 1966. She is from Indianapolis and now resides in Washington, D.C. She was born October 29, 1944, in Newport, R.I.