B. More About the FDIC
FDIC Board of Directors
Sheila C. Bair
Sheila C. Bair was sworn in as the 19th Chairman of the Federal Deposit
Insurance Corporation (FDIC) on June 26, 2006. She was appointed
Chairman for a five-year term, and as a member of the FDIC Board of
Directors through July 2013.
Chairman Bair has an
extensive background in banking and finance in a career that has taken
her from Capitol Hill, to academia, to the highest levels of
government. Before joining the FDIC in 2006, she was the Dean’s
Professor of Financial Regulatory Policy for the Isenberg School of
Management at the University of Massachusetts-Amherst since 2002.
While there, she also served on the FDIC’s Advisory Committee on
Banking Policy.
Other career
experience
includes serving as Assistant Secretary for Financial Institutions at
the U.S. Department of the Treasury (2001 to 2002), Senior Vice
President for Government Relations of the New York Stock Exchange (1995
to 2000), a Commissioner and Acting Chairman of the Commodity Futures
Trading Commission (1991 to 1995), and Research Director, Deputy
Counsel and Counsel to Senate Majority Leader Robert Dole (1981 to
1988).
As FDIC Chairman, Ms.
Bair has presided over a tumultuous period in the nation’s financial
sector. Her innovations have transformed the agency with programs that
provide temporary liquidity guarantees, increases in deposit insurance
limits, and systematic loan modifications to troubled borrowers. Ms.
Bair’s work at the FDIC has also focused on consumer protection and
economic inclusion. She has championed the first survey of
the unbanked by the U.S. Census, the creation of
an Advisory Committee on Economic Inclusion,
seminal research on small-dollar loan programs,
and the formation of broad-based alliances in nine
regional markets to bring underserved populations
into the financial mainstream.
Ms. Bair has served as
a member of several
professional and nonprofit organizations,
including the Insurance Marketplace Standards
Association, Women in Housing and Finance,
Center for Responsible Lending, NASD Ahead-of-the-Curve Advisory
Committee, Massachusetts
Savings Makes Cents, American Bar Association,
Exchequer Club, and Society of Children’s Book
Writers and Illustrators.
Chairman Bair topped The
Wall Street Journal’s
annual 50 “Women to Watch List” for 2008. In
2008 and 2009, Forbes Magazine named Ms. Bair
as the world’s second most powerful woman after
Germany’s Chancellor Angela Merkel.
Chairman Bair has also
received several honors for
her published work on financial issues, including
her educational writings on money and finance
for children, and for professional achievement.
Among the honors she has received are:
Distinguished Achievement Award, Association
of Education Publishers (2005); Personal Service
Feature of the Year, and Author of the Month
Awards, Highlights Magazine for Children (2002,
2003 and 2004); and The Treasury Medal (2002).
Her first children’s book – Rock, Brock, and the
Savings Shock, was published in 2006 and her
second, Isabel’s Car Wash, in 2008.
Chairman Bair received a
bachelor’s degree from
the University of Kansas and a J.D. from the
University of Kansas School of Law. She is married
to Scott P. Cooper and has two children.
Martin J. Gruenberg
Martin J. Gruenberg was
sworn in as Vice Chairman
of the FDIC Board of
Directors on August 22,
2005. Upon the resignation
of Chairman Donald Powell, he served as Acting
Chairman from November 15, 2005, to June 26,
2006. On November 2, 2007, Mr. Gruenberg
was named Chairman of the Executive Council
and President of the International Association of
Deposit Insurers (IADI).
Mr. Gruenberg joined the
FDIC Board after
broad congressional experience in the financial
services and regulatory areas. He served as
Senior Counsel to Senator Paul S. Sarbanes
(D-MD) on the staff of the Senate Committee
on Banking, Housing, and Urban Affairs from
1993 to 2005. Mr. Gruenberg advised the
Senator on issues of domestic and international
financial regulation, monetary policy and trade.
He also served as Staff Director of the Banking
Committee’s Subcommittee on International
Finance and Monetary Policy from 1987 to
1992. Major legislation in which Mr. Gruenberg
played an active role during his service on the
Committee includes the Financial Institutions
Reform, Recovery, and Enforcement Act of
1989 (FIRREA), the Federal Deposit Insurance
Corporation Improvement Act of 1991
(FDICIA), the Gramm-Leach-Bliley Act, and the
Sarbanes-Oxley Act of 2002.
Mr. Gruenberg holds a
J.D. from Case Western
Reserve Law School and an A.B. from Princeton
University, Woodrow Wilson School of Public and
International Affairs.
Thomas J. Curry
Thomas J. Curry took
office on January 12,
2004, as a member of the
Board of Directors of the
Federal Deposit Insurance
Corporation for a six-year
term. Mr. Curry serves as Chairman of the
FDIC’s Assessment Appeals Committee and Case
Review Committee.
Mr. Curry also serves as
the Chairman of the
NeighborWorks®
America Board of Directors.
NeighborWorks®
America is a national non-profit
organization chartered by Congress to
provide financial support, technical assistance,
and training for community-based neighborhood
revitalization efforts.
Prior to joining the
FDIC’s Board of Directors,
Mr. Curry served five Massachusetts Governors
as the Commonwealth’s Commissioner of Banks
from 1990 to 1991 and from 1995 to 2003. He
served as Acting Commissioner from February
1994 to June 1995. He previously served as First
Deputy Commissioner and Assistant General
Counsel within the Massachusetts Division of
Banks. He entered state government in 1982 as
an attorney with the Massachusetts’ Secretary of
State’s Office.
Director Curry served as
the Chairman of the
Conference of State Bank Supervisors from 2000
to 2001. He served two terms on the State Liaison
Committee of the Federal Financial Institutions
Examination Council, including a term as
Committee chairman.
He is a graduate of
Manhattan College (summa
cum laude), where he was elected to Phi Beta
Kappa. He received his law degree from the New
England School of Law.
John E. Bowman
John E. Bowman became
Acting Director of the
Office of Thrift Supervision
(OTS) in March 2009. Mr.
Bowman joined the OTS in
June of 1999 as Deputy
Chief Counsel for Business Transactions. In May
2004, he was appointed Chief Counsel and in
April 2007, he was appointed Deputy Director
and Chief Counsel. Before joining the OTS, Mr.
Bowman was a partner with the law firm of Brown
& Wood LLP in its Washington, DC, office,
where he specialized in government and corporate
finance, securities and financial services regulation.
Before entering private
practice, Mr. Bowman
served for many years as Assistant General
Counsel for Banking and Finance at the U.S.
Department of the Treasury. While at Treasury,
he provided counsel to the Treasury Under
Secretary for Domestic Finance, the Assistant
Secretaries for Financial Institutions Policy,
Financial Markets and Economic Policy, and
the Fiscal Assistant Secretary on a broad range
of issues from financial services legislation to the
financing of the federal debt.
During his government
career, Mr. Bowman
has been the recipient of numerous awards and
honors, including the Presidential Rank Award
and the Secretary of the Treasury’s Distinguished
Service Award.
John Walsh
John Walsh became Acting
Comptroller of the Office
of the Comptroller of the
Currency (OCC) on August
15, 2010, succeeding John
C. Dugan. He also serves
on the FDIC Board of Directors and as a board
member of NeighborWorks®
America. Mr. Walsh
joined the OCC in October 2005 and previously
served as Chief of Staff and Public Affairs.
Prior to joining the
OCC, Mr. Walsh was the
Executive Director of the Group of Thirty, a
consultative group that focuses on international
economic and monetary affairs. He joined the
Group in 1992, and became Executive Director
in 1995. Mr. Walsh served on the Senate Banking
Committee from 1986 to 1992 and as an
international economist for the U.S. Department
of the Treasury from 1984 to 1986. Mr. Walsh
also served with the Office of Management and
Budget as an international program analyst, with
the Mutual Broadcasting System, and in the U.S.
Peace Corps in Ghana.
Mr. Walsh holds a
masters’ degree in public
policy from the Kennedy School of Government,
Harvard University (1978), and graduated magna
cum laude from the University of Notre Dame in
1973. He lives in Catonsville, Maryland, and is
married with four children.
FDIC Organizational Chart/Officials
As of December 31, 2010
Corporate Staffing
STAFFING TRENDS 2001 – 2010 |
|
Number of Employees by Division/Office 2009 – 2010 (Year-End)1
|
Total |
Washington |
Regional/Field |
|
2010 |
2009 |
2010 |
2009 |
2010 |
2009 |
Division of Supervision and Consumer Protection2 |
3,649 |
3,168 |
379 |
222 |
3,270 |
2,946 |
Divison of Resolutions and Receiverships3 |
2,110 |
1,158 |
155 |
78 |
1,955 |
1,080 |
Legal Division |
805 |
625 |
352 |
302 |
453 |
323 |
Division of Administration |
430 |
373 |
265 |
217 |
165 |
156 |
Division of Information Technology |
328 |
298 |
245 |
227 |
83 |
71 |
Corporate University |
207 |
350 |
199 |
52 |
8 |
298 |
Division of Insurance and Research |
203 |
193 |
173 |
150 |
30 |
43 |
Division of Finance |
165 |
155 |
165 |
145 |
0 |
10 |
Office of Inspector General |
128 |
120 |
92 |
84 |
36 |
36 |
Executive Offices4 |
55 |
53 |
55 |
53 |
0 |
0 |
Office of the Ombudsman |
31 |
22 |
12 |
11 |
19 |
11 |
Office of the University and Economic Opportunity |
26 |
29 |
26 |
29 |
0 |
0 |
Office of Enterprise Risk Management |
13 |
13 |
13 |
13 |
0 |
0 |
Total |
8,150 |
6,557 |
2,131 |
1,584 |
6,019 |
4,973 |
1 The FDIC reports staffing totals using a full-time equivalent methodology, which is based on an employee’s scheduled work hours. Totals may not foot due to rounding.
2 The Division of Supervision and Consumer
Protection staffing count
includes one staff member hired to lead the newly created Division of
Depositor and Consumer Protection (DCP). DCP was not fully recognized
as a separate division until January 1, 2011.
3 The Division of Resolutions and Receiverships
staffing count includes
one staff member hired to lead the newly created Office of Complex
Financial Institutions (OCFI). OCFI was not fully recognized as a
separate division until January 1, 2011.
4 Includes the Offices of the Chairman, Vice
Chairman, Director
(Appointive), Chief Operating Officer, Chief Financial Officer, Chief
Information Officer, Legislative Affairs, Public Affairs, International
Affairs and External Affairs.
Sources of Information
FDIC Website
www.fdic.gov
A wide range of banking, consumer and financial
information is available on the FDIC’s website. This
includes the FDIC’s Electronic Deposit Insurance
Estimator (EDIE), which estimates an individual’s
deposit insurance coverage; the Institution Directory
– financial profiles of FDIC-insured institutions;
Community Reinvestment Act evaluations and
ratings for institutions supervised by the FDIC; Call
Reports – banks’ reports of condition and income;
and Money Smart, a training program to help
individuals outside the financial mainstream enhance
their money management skills and create positive
banking relationships. Readers also can access a
variety of consumer pamphlets, FDIC press releases,
speeches, and other updates on the agency’s activities,
as well as corporate databases and customized reports
of FDIC and banking industry information.
FDIC Call Center
PHONE: 877-275-3342 (877-ASK-FDIC)
703-562-2222 HEARING IMPAIRED: 800-925-4618
703-562-2289
The FDIC Call Center in Washington, DC, is
the primary telephone point of contact for general
questions from the banking community, the public
and FDIC employees. The Call Center directly, or
in concert with other FDIC subject-matter experts,
responds to questions about deposit insurance and
other consumer issues and concerns, as well as
questions about FDIC programs and activities. The
Call Center also makes referrals to other federal
and state agencies as needed. Hours of operation
are 8:00 a.m. to 8:00 p.m., Eastern Time, Monday
– Friday and 9:00 a.m. to 5:00 p.m., Saturday
– Sunday. Recorded information about deposit
insurance and other topics is available 24 hours a
day at the same telephone number.
As a customer service,
the FDIC Call Center has
many bilingual Spanish agents on staff and has
access to a translation service able to assist with
over 40 different languages.
Public Information Center
3501 Fairfax Drive Room E-1021 Arlington, VA 22226 PHONE: 877-275-3342 (877-ASK-FDIC), 703-562-2200 FAX: 703-562-2296 FDIC ONLINE CATALOG: https://vcart.velocitypayment.com/fdic/ E-MAIL: publicinfo@fdic.gov
Publications such as FDIC Quarterly, Consumer
News and a variety of deposit insurance and
consumer pamphlets are available at www.fdic.gov or
may be ordered in hard copy through the
FDIC online catalog. Other information, press
releases, speeches and congressional testimony,
directives to financial institutions, policy manuals,
and FDIC documents are available on request
through the Public Information Center. Hours
of operation are 9:00 a.m. to 4:00 p.m., Eastern
Time, Monday – Friday.
Office of the Ombudsman3501 Fairfax Drive Room E-1021 Arlington, VA 22226 PHONE: 877-275-3342 (877-ASK-FDIC), 703-562-2200 FAX: 703-562-2296 E-MAIL: ombudsman@fdic.gov
The Office of the Ombudsman (OO) is an
independent, neutral, and confidential resource
and liaison for the banking industry and the
general public. The OO responds to inquiries
about the FDIC in a fair, impartial, and timely
manner. It researches questions and fields
complaints from bankers and bank customers.
OO representatives are present at all bank
closings to provide accurate information to bank
customers, the media, bank employees, and the
general public. The OO also recommends ways
to improve FDIC operations, regulations, and
customer service.
New York Regional Office
350 Fifth Avenue Suite 1200 New York, New York 10118 (917) 320-2500
Delaware District of Columbia Maryland New Jersey New York Pennsylvania Puerto Rico
Virgin islands
Boston Area Office
15 Braintree Hill Office Park
Suite 100
Braintree, Massachusetts 02184
(781) 794-5500
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
San Francisco Regional Office
25 Jessie Street at Ecker Square
Suite 2300
San Francisco, California 94105
(415) 546-0160
Alaska
Arizona
California
Guam
Hawaii
Idaho
Montana
Nevada
Oregon
Utah
Washington
Wyoming
Atlanta Regional Office
10 Tenth Street, NE
Suite 800
Atlanta, Georgia 30309
(678) 916-2200
Alabama
Florida
Georgia
North Carolina
South Carolina
Virginia
West Virginia
Chicago Regional Office
300 South Riverside Plaza
Suite 1700
Chicago, Illinois 60606
(312) 382-6000
Illinois
Indiana
Kentucky
Michigan
Ohio
Wisconsin
Dallas Regional Office
1601 Bryan Street
Dallas, Texas 75201
(214) 754-0098
Colorado
New Mexico
Oklahoma
Texas
Memphis Area Office
5100 Poplar Avenue
Suite 1900
Memphis, Tennessee 38137
(901) 685-1603
Arkansas
Louisiana
Mississippi
Tennessee
Kansas City Regional Office
1100 Walnut Street
Suite 2100
Kansas City, Missouri 64106
(816) 234-8000
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
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