Board of Directors
The Board of Directors of the FDIC is the governing body of the FDIC. The board is composed of five members, three appointed by the president of the United States with the consent of the United States Senate and two ex officio members. The three appointed members each serve six year terms. No more than three members of the board may be of the same political affiliation. The president, with the consent of the Senate, also designates one of the appointed members as chairman of the board, to serve a five-year term, and one of the appointed members as vice chairman of the board, to also serve a five-year term.
As of April 16, 2012, the members of the Board of Directors of the Federal Deposit Insurance Corporation were:
- Martin J. Gruenberg - Acting Chairman of the Board
- Thomas M. Hoenig
- Jeremiah O. Norton
- Thomas J. Curry - Comptroller of the Currency
- Richard Cordray - Director, Consumer Financial Protection Bureau
Read more about this topic: Federal Deposit Insurance Corporation
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“As a man-of-war that sails through the sea, so this earth that sails through the air. We mortals are all on board a fast-sailing, never-sinking world-frigate, of which God was the shipwright; and she is but one craft in a Milky-Way fleet, of which God is the Lord High Admiral.”
—Herman Melville (1819–1891)