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THOMAS J. CURRY CONFIRMED AS MEMBER OF FDIC BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE
PR-121-2003 (12-10-2003)
Media Contact:
David Barr (202) 898-6992

The United States Senate last night confirmed Thomas J. Curry, Commissioner of Banks for the Massachusetts Division of Banks, to be a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) for a six-year term.

"I look forward to the FDIC Board operating at full strength for the first time in five years," said FDIC Chairman Don Powell. "And I'm delighted to welcome Tom Curry aboard. He has a broad range of state regulatory experience and will hit the ground running."

The FDIC's five-member Board has been operating with four members since September 1998.

Prior to his position as Commissioner of Banks, Mr. Curry served as First Deputy Commissioner of Banks and as Acting Commissioner of Banks. Earlier, he served as Assistant General Counsel for the Massachusetts Division of Banks and as an attorney with the Massachusetts Secretary of State.

Mr. Curry earned his bachelor's degree from Manhattan College and his J.D. from the New England School of Law.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,237 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).

Last Updated 12/10/2003 communications@fdic.gov