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Federal Deposit
Insurance Corporation

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

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2011 Annual Report

B. More About the FDIC

FDIC Board of Directors

FDIC Board of Directors

Seated (left to right): John Walsh, Martin J. Gruenberg, Thomas J. Curry.

Martin J. Gruenberg

Martin J. Gruenberg became the Acting Chairman of the FDIC upon the resignation of Chairman Sheila C. Bair on July 8, 2011. Mr. 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 also 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. Mr. Curry served as Chairman of the FDIC’s Assessment Appeals Committee and Case Review Committee. He also served as Chairman of the Audit Committee and the Supervision Appeals Review Committee for the latter half of 2011 and into 2012.

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 Walsh

John Walsh became Acting Comptroller of the Office of the Comptroller of the Currency (OCC) on August 15, 2010. He also served 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.

Subsequent Events Affecting the FDIC Board of Directors

The following events occurred after year-end 2011. On January 4, 2012, Richard Cordray was sworn in as the first Director of the Consumer Financial Protection Bureau, and joined the FDIC Board of Directors. On April 9, 2012, Thomas Curry was sworn in as the 30th Comptroller of the Currency, succeeding John Walsh, and remains a Board member. On April 16, 2012, Thomas Hoenig and Jeremiah Norton were sworn in as internal members of the Board.


FDIC Organizational Chart/Officials

As of December 31, 2011

FDIC organizational chart

Corporate Staffing


Note: 2008-2011 staffing totals reflect year-end full time equivalent staff. Prior to 2008, staffing totals reflect total employees on board.

Number of Employees by Division/Office 2010 – 2011 (Year-End)1

  Total Washington Regional/Field
Division or Office 2011 2010 2011 2010 2011 2010
Division of Supervision and Consumer Protection 0 3,648 0 378 0 3,270
Division of Risk Management Supervision 2,900 0 168 0 2,732 0
Division of Depositor and Consumer Protection 819 1 95 1 724 0
Subtotals Supervision and Consumer Protection Divisions 3,719 3,649 263 379 3,456 3,270
Division of Resolutions and Receiverships 1,811 2,109 139 154 1,672 1,955
Legal Division 774 805 354 352 420 453
Division of Administration 431 430 243 265 188 165
Division of Information Technology 354 328 271 245 83 83
Corporate University 176 207 163 199 13 8
Division of Insurance and Research 185 203 134 173 51 30
Division of Finance 163 165 158 165 5 0
Office of Inspector General 117 128 77 92 40 36
Office of Complex Financial Institutions 115 1 64 1 51 0
Executive Offices2 55 55 55 55 0 0
Office of the Ombudsman 29 31 12 12 17 19
Office of Minority and Women Inclusion3 30 26 30 26 0 0
Office of Enterprise Risk Management 14 13 14 13 0 0
Total 7,973 8,150 1,977 2,131 5,996 6,019
1 The FDIC reports staffing totals using a full-time equivalent (FTE) methodology, which is based on an employee’s scheduled work hours. Division/Office staffing has been rounded to the nearest whole FTE.
2 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, Corporate Risk Management and External Affairs.
3 Previously the Office of Diversity and Economic Opportunity.

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, which contains financial profiles of FDIC-insured institutions; Community Reinvestment Act evaluations and ratings for institutions supervised by the FDIC; Call Reports, which are 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 refers callers 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 twenty-four 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 forty 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-2022
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.

Regional and Area Offices

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

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


Last Updated 09/05/2012

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