Caption: Jay Janis - Mortgage money increases, but savings picture is bleak. Jay Janis will resign, efffective Dec. 15 as chairman of the Federal Home Loan Bank Board, the chief regulator of federally chartered savings institutions. Janis is a political appointee who previously served as undersecretary of Department of Housing and Urban Development. Resignation gives President-elect Ronald Regan free hand to install Republican majority on board in January. Janis would have been demoted to member status after Regan assumes office.
The front and back of this photograph are pictured below:
