President Donald J. Trump intends to designate Comptroller of the Currency Joseph Otting as Acting Director of the Federal Housing Finance Agency ("FHFA"). Mr. Otting will continue to carry out his duties as Comptroller of the Currency.

The current FHFA Director, Melvin Watt, advised the White House that he will leave at the conclusion of his term on January 6, 2019. Mr. Otting will be Acting Director upon Mr. Watt's departure until a permanent Director is confirmed.

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