2017 Annual Report
B. More About the FDIC
FDIC Board of Directors
Martin J. Gruenberg
Martin J. Gruenberg is the 20th Chairman of the FDIC, receiving Senate confirmation on November 15, 2012, for a five-year term. Mr. Gruenberg served as Vice Chairman and Member of the FDIC Board of Directors from August 22, 2005, until his confirmation as Chairman. He served as Acting Chairman from July 9, 2011, to November 15, 2012, and also from November 16, 2005, to June 26, 2006.
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 served as Chairman of the Executive Council and President of the International Association of Deposit Insurers (IADI) from November 2007 to November 2012.
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 M. Hoenig
Thomas M. Hoenig was confirmed by the Senate as Vice Chairman of the FDIC on November 15, 2012. He joined the FDIC on April 16, 2012, as a member of the Board of Directors of the FDIC for a six-year term. Prior to serving on the FDIC Board, Mr. Hoenig was the President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System’s Federal Open Market Committee from 1991 to 2011.
Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist, and then as a senior officer in banking supervision during the U.S. banking crisis of the 1980s. In 1986, he led the Kansas City Federal Reserve Bank’s Division of Bank Supervision and Structure, directing the oversight of more than 1,000 banks and bank holding companies with assets ranging from less than $100 million to $20 billion. He became President of the Kansas City Federal Reserve Bank on October 1, 1991.
Mr. Hoenig is a native of Fort Madison, Iowa, and received a doctorate in economics from Iowa State University.
Mick Mulvaney is Acting Director of the Consumer Financial Protection Bureau.
Mick Mulvaney is the current Director of the Office of Management and Budget and the Acting Director of the Consumer Financial Protection Bureau.
Prior to his appointments, he served the people of the 5th District of South Carolina as their Congressman where he was first elected in 2010, he is the first Republican member to hold the seat in 128 years.
A lifelong Carolinas resident, he attended Georgetown University, graduating with honors in International Economics, Commerce, and Finance. He completed his formal education at Harvard Business School’s OPM program in 2006. While in the private sector, he was a lawyer, a real estate developer, a home builder, and a restaurant franchiser and franchisee.
While in Congress, he served on the Budget Committee, Joint Economic Committee, Small Business Committee, Financial Services Committee, and the Oversight and Government Reform Committee.
He is a regular spokesperson for the Administration, having appeared on major network shows, including: Meet the Press, Face the Nation, This Week, and Fox News Sunday. He also makes regular appearances on cable television news, national radio, and online media.
Mick and Pam were married in 1998, and are the proud parents of triplets: James, Caroline, and Finnegan, and two great Danes: Guiness and Harper.
Joseph M. Otting
Joseph M. Otting was sworn in as the 31st Comptroller of the Currency on November 27, 2017.
The Comptroller of the Currency is the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises nearly 1,400 national banks, federal savings associations, and federal branches and agencies of foreign banks operating in the United States. The mission of the OCC is to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
The Comptroller also serves as a director of the Federal Deposit Insurance Corporation and member of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council.
Prior to becoming Comptroller of the Currency, Mr. Otting was an executive in the banking industry. He served as President of CIT Bank and Co-President of CIT Group from August 2015 to December 2015.
Mr. Otting previously was President, Chief Executive Officer, and a member of the Board of Directors of OneWest Bank, N.A. Prior to joining OneWest Bank, he served as Vice Chairman of U.S. Bancorp, where he managed the Commercial Banking Group and served on the Bancorp’s executive management committee. He also served as a member of U.S. Bank’s main subsidiary banks’ Board of Directors.
From 1994 to 2001, Mr. Otting was with Union Bank of California, where he was Executive Vice President and Group Head of Commercial Banking. Before joining Union Bank, he was with Bank of America and held positions in branch management, preferred banking, and commercial lending.
Mr. Otting has played significant roles in charitable and community development organizations. He has served as a board member for the California Chamber of Commerce, the Killebrew-Thompson Memorial foundation, the Associated Oregon Industries, the Oregon Business Council, the Portland Business Alliance, the Minnesota Chamber of Commerce, and Blue Cross Blue Shield of Oregon. He was also a member of the Financial Services Roundtable, the Los Angeles Chamber of Commerce, and the Board and Executive Committee of the Los Angeles Economic Development Corporation.
Mr. Otting holds a bachelor of arts in management from the University of Northern Iowa and is a graduate of the School of Credit and Financial Management, which was held at Dartmouth College in Hanover, New Hampshire.
Thomas J. Curry
Thomas J. Curry, former Comptroller of the Currency, resigned from the FDIC Board of Directors as of May 5, 2017. Mr. Curry served as a director of the FDIC beginning in 2004 and was the second-longest serving Board member in FDIC history.
Richard Cordray, former Director of the Consumer Financial Protection Bureau, resigned on November 24, 2017. Mr. Cordray served as the first Director of the Consumer Financial Protection Bureau.
FDIC Organization Chart/Officials
Staffing Trends 2008–2017
|Division or Office:||2017||2016||2017||2016||2017||2016|
|Division of Risk Management Supervision||2,558||2,627||197||204||2,361||2,423|
|Division of Depositor and Consumer Protection||831||838||120||116||711||722|
|Division of Resolutions and Receiverships||457||537||134||138||323||399|
|Division of Administration||358||370||246||256||112||114|
|Division of Information Technology||276||301||219||237||57||64|
|Division of Insurance and Research||194||193||157||153||37||40|
|Division of Finance||166||167||162||164||4||3|
|Office of the Chief Information Security Officer2||36||34||36||34||0||0|
|Office of Inspector General||126||122||78||76||48||47|
|Office of Complex Financial Institutions||62||67||48||50||14||17|
|Executive Support Offices4||68||79||60||72||8||7|
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, which contains financial profiles of FDIC-insured institutions; Community Reinvestment Act evaluations and ratings for institutions supervised by the FDIC; Call Reports, which are bank 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
- 877-275-3342 (877-ASK-FDIC)
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 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 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, which is able to assist with over 40 different languages.
Public Information Center
3501 Fairfax Drive
Arlington, VA 22226
- 877-275-3342 (877-ASK-FDIC)
FDIC Online Catalog:
Publications such as FDIC Quarterly and 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 Ombudsman
3501 Fairfax Drive
Arlington, VA 22226
- 877-275-3342 (877-ASK-FDIC)
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
Michael J. Dean, Regional Director
10 Tenth Street, NE
Atlanta, Georgia 30309
- North Carolina
- South Carolina
- West Virginia
Chicago Regional Office
John P. Conneely, Regional Director
300 South Riverside Plaza
Chicago, Illinois 60606
Dallas Regional Office
Kristie K. Elmquist, Regional Director
1601 Bryan Street
Dallas, Texas 75201
- New Mexico
Memphis Area Office
Kristie K. Elmquist, Director
6060 Primacy Parkway
Memphis, Tennessee 38119
Kansas City Regional Office
James D. LaPierre, Regional Director
1100 Walnut Street
Kansas City, Missouri 64106
- North Dakota
- South Dakota
New York Regional Office
John F. Vogel, Regional Director
350 Fifth Avenue
New York, New York 10118
- District of Columbia
- New Jersey
- New York
- Puerto Rico
- Virgin Islands
Boston Area Office
John F. Vogel, Director
15 Braintree Hill Office Park
Braintree, Massachusetts 02184
- New Hampshire
- Rhode Island
San Francisco Regional Office
Kathy L. Moe, Regional Director
25 Jessie Street at Ecker Square
San Francisco, California 94105
- American Samoa
- Federated States of Micronesia