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:
“Midway the lake we took on board two manly-looking middle-aged men.... I talked with one of them, telling him that I had come all this distance partly to see where the white pine, the Eastern stuff of which our houses are built, grew, but that on this and a previous excursion into another part of Maine I had found it a scarce tree; and I asked him where I must look for it. With a smile, he answered that he could hardly tell me.”
—Henry David Thoreau (1817–1862)