January 5, 1987

The President today announced the appointment of John David Davenport to be a member of the Federal Retirement Thrift Investment Board for a term of 1 year. This appointment is made upon the recommendation of the Speaker of the House of Representatives in consultation with the minority leader of the House of Representatives. This is a new position.

Since 1973 Mr. Davenport has been chairman of the Public Employee Benefit Service Corp. in Oklahoma City, OK. Previously, he was chairman, Quail Creek National Bank in Oklahoma City, 1977 - 1983; president and chairman, American Presidents Life Insurance Co., 1968 - 1971; and president and founder of Davenport-Dillard, Inc., in Washington, DC, 1962 - 1968.

Mr. Davenport is married, has four children, and resides in Edmond, OK. He was born September 8, 1936, in Wichita Falls, TX.