1
 The Federal National Mortgage Association set up a three-member office of the chairman 
5001
Sequence

2
and elected James A. Johnson as vice chairman, effective Jan. 1. 
5001
Sequence

3
 Mr. Johnson has been a managing director at Shearson Lehman Hutton since 1985,
5002
span

4
 and before that was president of Public Strategies, a Washington consulting firm.
3
temporal-before

5
 He is well-known in Democratic circles,
5003
span

6
 having been executive assistant to Vice President Walter Mondale and chairman of Mr. Mondale's 1984 presidential campaign.
5
reason

7
 At Fannie Mae, he will take responsibility for the corporation's financial and legal areas 
5004
List

8
and will work with David Maxwell, chairman and chief executive officer, and Roger Birk, president and chief operating officer, on strategic planning.
5004
List

9
 Mr. Johnson, 45 years old, has been a consultant on strategy to Fannie Mae for the past 3 1/2 years.
5024
background

10
 In an interview, he said 
5006
attribution

11
Fannie Mae faces a number of challenges with the restructuring of the thrift industry and the push 
5006
span

12
to broaden its activities overseas.
11
elaboration-object-attribute-e

13
 There's no shortage of major things to do, 
5007
span

14
he said.
13
attribution

15
 Fannie Mae also said 
5026
attribution

16
James A. Aliber, chairman of First Federal of Michigan and a director since 1985, moved up the date of his retirement from the board 
5026
span

17
to accommodate Mr. Johnson's election as a director.
16
purpose

18
 The board has 13 members 
5010
span

19
elected by holders 
18
elaboration-object-attribute-e

20
and five presidential appointees.
5011
Same-Unit

21
 Fannie Mae, a federally chartered, shareholder-owned corporation, operates a secondary market for mortgage loans,
5013
span

22
 buying loans from lenders, 
5012
List

23
packaging some into securities for sale to investors 
5012
List

24
and keeping the rest in its portfolio.
5012
List

5001
multinuc
5022
span

5002
span
5023
span

5003
span
5002
elaboration-additional

5004
multinuc
5025
span

5005
span



5006
span
5014
span

5007
span
5014
restatement

5008
span
5009
span

5009
span
5020
List

5010
span
5011
Same-Unit

5011
multinuc
5020
elaboration-additional

5012
multinuc
21
manner

5013
span
5028
elaboration-additional

5014
span
5024
span

5015
span



5016
span



5017
span
5004
elaboration-additional

5018
span



5019
span
5020
List

5020
multinuc
5028
span

5021
span



5022
span



5023
span
5025
background

5024
span
5017
span

5025
span
5019
span

5026
span
5008
span

5027
span



5028
span
5029
span

5029
span
5001
summary-n

