FEDERAL DEPOSIT INSURANCE CORPORATION
550 Seventeenth Street NW., Washington, DC 20429
Phone, 202-736-6000. Internet, www.fdic.gov.
Board of Directors:
Chairman Donald E. Powell
Vice Chairman John M. Reich
(Comptroller of the Currency) Julie L. Williams, Acting
(Director, Office of Thrift James E. Gilleran
Appointive Director Thomas J. Curry
Deputy to the Chairman and Chief Operating John F. Bovenzi
Chief of Staff Jodey C. Arrington
Deputy to the Chairman and Chief Financial Steven O. App
Deputy to the Vice Chairman Robert W. Russell
Deputy to the Director (Comptroller of the Thomas E. Zemke
Deputy to the Director (Office of Thrift Walter B. Mason
Special Assistant to the Director John F. Vogel
General Counsel William F. Kroener III
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 Michael J. Zamorski
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 Stan Ivie
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 depositsup 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 protectionlaws; 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. Congress has increased the limit on deposit insurance five times since 1934, the most current level being $100,000.
FDIC does not operate on funds...