John H. Rousselot, a former Republican congressman from California, has been elected president of the National Council of Savings Institutions.
Rousselot, a strong advocate of banking deregulation, served eight terms in the U.S. House of Representatives from 1961 to 1963 and 1970 to 1983. He also was a member of the House Banking Committee from 1970 to 1973 and ranking Republican on the financial institutions subcommittee from 1974 to 1978.
Rousselot said he is "delighted to be joining an organization that, in its two short years of existence, has been a major force for progressive legislation and deregulation for the savings industry.
"In my view, the future of the savings business lies in our ability to complete the process of deregulation, freeing savings institutions to serve the complete financial services needs of their customers."
After his congressional defeat in 1982, Rousselot worked as special assistant to the president and deputy director of the Office of Public Liaison. In 1984 he went to work for Alcade, Henderson, O'Bannon and Rousselot, a government affairs and public relations consulting firm in Washington, and also worked as a consultant to the Reagan-Bush reelection campaign.
The Washington-based council is a trade group representing 600 savings banks and savings associations across the country. TRADE
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