Gruenberg And Hoenig Officially Designated To Run FDIC

Posted by Orb Staff on December 03, 2012 No Comments
Categories : Residential Mortgage

12842_fdic Gruenberg And Hoenig Officially Designated To Run FDIC Martin J. Gruenberg and Thomas M. Hoenig have been officially designated by President Obama as the new chairman and vice-chairman of the Federal Deposit Insurance Corp. (FDIC). Both men were confirmed by the Senate on Nov. 15.

Gruenberg has served on the FDIC's board of directors since August 2005, and has served as acting chairman since July 2011. He previously served as acting chairman from November 2005 to June 2006. Prior to joining the FDIC Board, Gruenberg served as senior counsel to Sen. Paul S. Sarbanes, D-Md., on the staff of the Senate Committee on Banking, Housing and Urban Affairs.

Hoenig was previously president of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee.

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