NATION
President Ronald Reagan named businessman Roger F. Martin to the Federal Home Loan Bank Board to succeed Lee Henkel, a controversial member of the panel that oversees savings and loans.
Martin, 59, is senior vice president for operations at Mortgage Guaranty Insurance Corp., Milwaukee.
Henkel, an Atlanta lawyer and real estate investor, was appointed by Reagan to one of the three bank board seats last fall.
He quickly became the center of controversy when, at his first meeting last December, he proposed a change in federal rules that critics said would have benefited a thrift and loan that lent one of his businesses more than $70 million.
The Office of Government Ethics, an agency of the executive branch, asked the Justice Department to investigate and determine if Henkel was violating any conflict of interest laws.
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