FEDERAL DEPOSIT INSURANCE CORPORATION
550 Seventeenth Street NW., Washington, DC 20429
Phone, 202-736-6000. Internet, http://www.fdic.gov.
Board of Directors:
Chairman Martin J. Gruenberg, Acting
Vice Chairman Martin J. Gruenberg
(Comptroller of the Currency) John C. Dugan
(Director, Office of Thrift John M. Reich
Appointive Director Thomas J. Curry
Deputy to the Chairman and Chief Operating John F. Bovenzi
Deputy to the Chairman and Chief Financial Steven O. App
Deputy to the Vice Chairman Barbara A. Ryan, Acting
Deputy to the Director (Comptroller of the William A. Rowe III
Deputy to the Director (Office of Thrift Claude A. Rollin
Special Assistant to the Director John F. Vogel
General Counsel Douglas H. Jones, Acting
Director, Division of Administration Arleas Upton Kea
Director, Division of Finance Frederick S. Selby
Director, Division of Information Technology and Michael E. Bartell
Chief Information Officer
Director, Division of Insurance and Research Arthur J. Murton
Director, Division of Resolutions and Mitchell L. Glassman
Director, Division of Supervision and Consumer Sandra L. Thompson, Protection Acting
Director, Office of Diversity and Economic D. Michael Collins
Director, Office of Enterprise Risk Management James H. Angel, Jr.
Director, Office of Legislative Affairs Alice C. Goodman
Ombudsman Cottrell L. Webster
Director, Office of Public Affairs D.J. Nordquist
Chief Learning Officer David C. Cooke
Inspector General Patricia M. Black, Acting
The Federal Deposit Insurance Corporation promotes and preserves public confidence in U.S. financial institutions by insuring bank and thrift deposits up to the legal limit of $100,000; by periodically examining State-chartered banks that are not members of the Federal Reserve System for safety and soundness as well as compliance with consumer protection laws; and by liquidating assets of failed institutions to reimburse the insurance funds for the cost of failures.
The Federal Deposit Insurance Corporation (FDIC) was established under the Banking Act of 1933 in response to numerous bank failures during the Great Depression. FDIC began insuring banks on January 1, 1934. As of April 1, 2006, the deposit insurance coverage on certain retirement accounts at a bank or savings institution was raised to $250,000. The basic...