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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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2010 Annual Report

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

FDIC organizational chart

Corporate Staffing


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

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)
HEARING IMPAIRED: 800-925-4618

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),
FAX: 703-562-2296

Publications such as FDIC Quarterly, Consumer News and a variety of deposit insurance and consumer pamphlets are available at 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 Ombudsman

3501 Fairfax Drive
Room E-1021
Arlington, VA 22226
PHONE: 877-275-3342 (877-ASK-FDIC),
FAX: 703-562-2296

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

District of Columbia
New Jersey
New York
Puerto Rico
Virgin islands

Boston Area Office

15 Braintree Hill Office Park
Suite 100
Braintree, Massachusetts 02184
(781) 794-5500

New Hampshire
Rhode Island

San Francisco Regional Office

25 Jessie Street at Ecker Square
Suite 2300
San Francisco, California 94105
(415) 546-0160


Atlanta Regional Office

10 Tenth Street, NE
Suite 800
Atlanta, Georgia 30309
(678) 916-2200

North Carolina
South Carolina
West Virginia

Chicago Regional Office

300 South Riverside Plaza
Suite 1700
Chicago, Illinois 60606
(312) 382-6000


Dallas Regional Office

1601 Bryan Street
Dallas, Texas 75201
(214) 754-0098

New Mexico

Memphis Area Office

5100 Poplar Avenue
Suite 1900
Memphis, Tennessee 38137
(901) 685-1603


Kansas City Regional Office

1100 Walnut Street
Suite 2100
Kansas City, Missouri 64106
(816) 234-8000

North Dakota
South Dakota

Last Updated 5/5/2011

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