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
Famous quotes containing the word board:
“This morning I threw up at a board meeting. I was sure the cat was out of the bag, but no one seemed to think anything about it; apparently it’s quite common for people to throw up at board meetings.”
—Jane Wagner (b. 1935)