Federal Deposit Insurance Corporation

• Pages: 399-403

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 (vacancy)

Directors:

(Comptroller of the Currency) John D. Hawke, Jr.

(Director, Office of Thrift James E. Gilleran

Supervision)

Appointive Director John Reich

Officials:

Deputy to the Chairman and Chief Operating John F. Bovenzi

Officer

Deputies to the Chairman John Brennan, C. K. Lee

Chief of Staff Jodey C. Arrington

Deputy to the Chairman and Chief Financial Frederick S. Selby, Officer Acting

Deputy to the Vice Chairman (vacancy)

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

Currency)

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

Supervision)

Deputy to the Director (Appointive) Robert W. Russell

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)

Management

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 Internal Control Management Vijay G. Deshpande

Director, Office of Legislative Affairs Alice C. Goodman

Director, Office of Ombudsman Ronald F. Bieker

Director, Office of Public Affairs James Phillip Battey

Inspector General Gaston L. Gianni, Jr.

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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.

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