The Federal Reserve finally approved the purchase in on April 19, 1982, and BCCI renamed the bank "First American" three months later. Clark Clifford was made chairman and Robert Altman president. The head of Bank Supervision at the Federal Reserve when BCCI's purchase was approved was Jack Ryan, who later became head of the [[Resolution Trust Corporation]], in which role he denied Rep. Jim Leach's requests, Chairman of the House Banking Committee, for documents related to [[Jim McDougal]]'s [[Madison Guaranty Savings]] in the [[Whitewater investigation]]. | The Federal Reserve finally approved the purchase in on April 19, 1982, and BCCI renamed the bank "First American" three months later. Clark Clifford was made chairman and Robert Altman president. The head of Bank Supervision at the Federal Reserve when BCCI's purchase was approved was Jack Ryan, who later became head of the [[Resolution Trust Corporation]], in which role he denied Rep. Jim Leach's requests, Chairman of the House Banking Committee, for documents related to [[Jim McDougal]]'s [[Madison Guaranty Savings]] in the [[Whitewater investigation]]. |