Federal Deposit Insurance Corporation

Pages:400-403
 
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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

Directors:

(Comptroller of the Currency) Julie L. Williams, Acting

(Director, Office of Thrift James E. Gilleran

Supervision)

Appointive Director Thomas J. Curry

Officials:

Deputy to the Chairman and Chief Operating John F. Bovenzi

Officer

Chief of Staff Jodey C. Arrington

Deputy to the Chairman and Chief Financial Steven O. App

Officer

Deputy to the Vice Chairman Robert W. Russell

Deputy to the Director (Comptroller of the Thomas E. Zemke

Currency)

Deputy to the Director (Office of Thrift Walter B. Mason

Supervision)

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

Receiverships

Director, Division of Supervision and Consumer Michael J. Zamorski

Protection

Director, Office of Diversity and Economic D. Michael Collins

Opportunity

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

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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...

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