FEDERAL DEPOSIT INSURANCE CORPORATION
550 Seventeenth Street NW., Washington, DC 20429
Phone, 202-393-8400. Internet, www.fdic.gov.
Board of Directors:
Chairman Donald E. Powell
Vice Chairman John M. Reich
(Comptroller of the Currency) John D. Hawke, Jr.
(Director, Office of Thrift James E. Gilleran
Appointive Director (vacancy)
Deputy to the Chairman and Chief Operating John F. Bovenzi
Deputy to the Chairman John Brennan
Special Advisor to the Chairman C.K. Lee
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
Deputy to the Director (Appointive) (vacancy)
Chief Information Officer (vacancy)
General Counsel William F. Kroener III
Director, Division of Administration Arleas Upton Kea
Director, Division of Finance Frederick S. Selby
Director, Division of Information Resources (vacancy)
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 Internal Control Management Vijay G. Deshpande
Director, Office of Legislative Affairs Alice C. Goodman
Director, Office of Ombudsman Cottrell L. Webster
Director, Office of Public Affairs James Phillip Battey
Inspector General Gaston L. Gianni, Jr.
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...